About Us
Who We are
The Money Changers Association is the premier organization uniting
the Money
Changing Licensees in Singapore.
What We Do
As a trusted association, MCA works closely with regulatory authorities, financial institutions, and international partners to ensure our members adhere to the highest standards of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. We provide our members with vital resources, training, and support to navigate the evolving regulatory landscape.
At MCA, we are also dedicated to protecting the rights and interests of consumers who rely on money-changing services. We work tirelessly to ensure that consumers have access to secure, transparent, and reliable currency exchange options. Our commitment to consumer protection includes promoting fair practices, encouraging transparency, and addressing any issues or concerns that may arise within the industry.
20
Experience
170
Members
16
Manage Committee
Message 
Welcome to all our esteemed members and valued partners. As the President of the Money Changers Association (Singapore), I am reminded daily of the pivotal role that foreign currencies play in our industry and in the broader economic landscape.
Our association is deeply committed to supporting our members in the complex yet rewarding task of currency exchange, facilitating essential travel, trade, and investment across borders. With rapid advancements in financial technologies and increasing global connectivity, our role has never been more crucial. We dedicate ourselves to empowering our members through rigorous compliance training, advocacy, and a platform for innovation. Together, we strive to enhance the trust and efficiency that our customers, partners, and regulatory bodies place in us.
V S A Omar
Director of MCA
Vision
To position the money-changing industry as a reliable alternative to digital payments, ensuring transparency, integrity, and confidence in the marketplace.
Mission
Our mission is to uphold the highest standards of transparency and integrity in the money-changing industry. We are committed to fostering confidence in every transaction by promoting compliance, supporting member businesses, and offering consumers a reliable and secure alternative to digital payments and being part of Singapore’s global reputation as a leading financial hub.
Committee Members
Members Introduction
Businesses who are licensed to carry out cross border money
transfer activity are eligible to be
part.
V S A Omar
President
Oli Mohamed
1St Vice President
Syed Habeeb
2nd Vice President
V S Tajdeen
Secretary
Abu Karim
Asst. Secretaty
Abdul Haleem
Treasurer
Abdul Rahim
Asst. Treasurer
Mohamed Rafeeq
Senior Advisor 1
Ramanathan Prabhakaran
Senior Advisor 2
Wu Pang Chiat Peter
Senior Advisor 3
Mohamed Noorullah
Senior Advisor 4
Mohamed Sultan Zahir Hussain
Committee Member 1
Zahir Hussain
Committee Member 2
Fatimah Mohamed Anvar
Committee Member 3
Abo Bucker Cdeq Bin Ismail
Committee Member 4
Mohamed Jameel
Committee Member 5
Testimonials
Hear What Our Valued
Members Say About Us
By joining MCA, you ensure that your business is part of a powerful collective voice
that
shapes a more favourable and productive operating environment.
Being a part of MCA has strengthened our voice as small operators. The support and advocacy are unmatched.
Mr. Jinnah
Golden Jinnah Pte Ltd
MCA has been instrumental in helping us stay compliant and informed with regulatory changes.
Mr. Abdul Salam
Arcade Plaza Traders Pte Ltd
The networking opportunities through MCA events have been invaluable for growing our partnerships.
Mr. Khalid
International Exchange Pte Ltd
We feel heard and represented. MCA is truly a lifeline for traditional money changers like us.
Mr. Haja Nazimudeen
HBRS Money Changer
The training sessions and compliance guidance provided by MCA are practical and relevant.
Mr. Farook
Arcade Money Changers
MCA bridges the gap between the industry and regulators. We appreciate their transparency and leadership.
Ms. Joyce Tan
Mong Lee Enterprise Pte Ltd
Joining MCA gave us a renewed sense of unity and direction in a fast-changing environment.
Mr. Abdul Ghaffar
Exchange International Pte Ltd
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