Money Changing and Remittance Businesses

Money-changing and remittance businesses are licensed and governed under the Money-Changing and Remittance Businesses Act. MAS supervises the money-changing and remittance licensees primarily for anti-money laundering and countering the financing of terrorism purposes.

For the latest list and number of money-changing and remittance licensees in Singapore, please refer to the Financial Institutions Directory

If you have information to suspect that an individual or a company is conducting or advertising to conduct money-changing or remittance business without a valid money-changer’s or remittance licence, you may:

- lodge a police report at the nearest police station or online via www.police.gov.sg/epc; or

- write to the Commercial Affairs Department at:

  391 New Bridge Road #06-701
  Police Cantonment Complex Block D
  Singapore 088762

Last Modified on 05/02/2018