How to set up a money changer business?

Singapore, being an international financial centre and a tourist hub, has a relatively safe and secure environment for money changers to conduct their business.  This post is a digest of the key requirements in setting up a money changing business in Singapore. Money changing involves the buying and selling of foreign currency notes and may be conducted under a sole proprietorship, partnership or company. In Singapore, there are currently 382 licensed money changers (as at[…]