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    12 money changers in Singapore close as Covid-19 takes toll on industry
    10 Sep
    SINGAPORE (TAMIL MURASU) - Every day when Mr Oli Mohamed opens his money-changing shop in Bukit Batok, he hopes to at least make enough to cover expenses. But there are days
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    More money changers in Singapore facing closure as Covid-19 takes toll on industry
    10 Sep
    According to a Monetary Authority of Singapore spokesman, since April last year, 37 money changers temporarily ceased their business, and five of them have since resumed operations, but twelve permanently
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    Badminton Tournament with the Malaysian Money Services Business Association
    30 Nov
    The Singapore Money Changers Association and the Malaysian Money Service Business Association to further forge a good working relationship and understanding, organised a badminton tournament in Kuala Lumpur, Malaysia. The
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    STRO – SONAR 2018
    30 Nov
    Given the complicity of the new SONAR system by the STR Office, upon members request we held a briefing to demonstrate the use of the online SONAR system. We had
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    3rd Annual Dinner 2018
    30 Nov
    The Annual Dinner this year was organised at the Hotel Re! Ballroom and we were happy to have more than 400 guests at this annual event. This year there were
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    Information Session – Payment Services Bill (the “Bill”) – 18 Dec 2017
    07 Dec
    The Monetary Authority of Singapore (MAS) has on 21 November 2017 launched a second consultation on its proposed payments regulatory framework, known as the Payment Services Bill (the "Bill"). The
    18 Apr
    The older 100-krona and 500-krona banknotes (Swedish Bank Notes) and the older 1, 2 and 5-krona coins will become invalid after 30 June 2017. For more details visit http://www.riksbank.se/en/Notes--coins/Banknotes/Schedule-new-banknotes-and-coins/
  • Pounds
    18 Apr
    The polymer £5 featuring Sir Winston Churchill on the reverse, introduced in September 2016, will be the only legal tender £5 note after this date. The paper £5 note, which
  • Pesos
    18 Apr
    The deadline for the exchange of the old Philippine - Pesos has been extended till Jun 30, 2017. For more details visit http://www.bsp.gov.ph/publications/media.asp?id=4259
    Upcoming AML – CFT workshop (1) – April 2017
    16 Mar
    The Association will be holding its first AML-CFT Training Workshop for 2017 on 02 Apr 2017 (Sunday) at Time: 9.30am - 2.00pm. Each member (business) can enjoy their membership privilege
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    Demonetization of Philippine Pesos
    16 Mar
    The Old Bank Note Series of Phillipine Pesos will no longer be legal tender from the 01st of Apr 2017. The affected notes may be exchanged without charge at Banko Sentral
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    Counterfeit Australian Currencies
    08 Mar
    There has been reports by the Australian media that high quality Australian counterfeit notes in 100 and 50 denominations has flooded the country. With a high probability that these notes
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    KPMG Briefing
    08 Mar
    A briefing by KPMG on the guidelines to MAS Notice 3001 was held at the NTUC Auditorium in Marina Boulevard. More than 150 partipants from the money changers and remittance
    Successful Visit to the Malaysian Association of Money Services Businessess
    26 Feb
    The Money Changers Association (Spore) sent a delegation to visit the Malaysian Association of Money Services Businesses (MAMSB). The official meeting took place on the 20th Feb 2017 at the MAMSB
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    Delegation to Malaysian Association of Money Services Businesses
    13 Feb
    The MCA Committee has organized a visit with the Malaysian Association of Money Services Business (MAMSB) to study their model of operations and their engagement with members. Around 10 committee members
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    Association reaches 200 Members
    09 Feb
    The Committee has been working hard on Membership Drive for the Association from May 2016. Alot of time and efforts were invested in attracting new membership to the Association. The
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    KPMG Briefing
    13 Feb
    KPMG briefing on Notice 3001, will be held on 07 March 2017 at NTUC Centre, 1 Marina Boulevard, 018 989. Registration will commence from 2pm. Members will be updated as