Membership fees currently is at SGD 1000 annually and will be pro-rated.

Our financial year ends Jun 30. Members will be issued invoices for the payment of membership fees and payment should be done before Jun 30.

No. There is only a single tier and everyone enjoys the same privileges and benefits.

Get Access to our document templates and other resources for your business.

Enhance your skills with our AML-CFT & other relevant workshops & seminars.

Learn more about current regulations & the changing payments landscapes.

Enjoy Member Discounts from the Association’s bulk purchases.

Voice out your challenges & concerns to the Regulator via the Association.

Network with your fellow associates.

There are currently over 80 members in the RAS

The Remittance Association (Singapore) was initiated by a small group of 12 founding members who had contributed immensely to the formation of the Association along with the valuable support from the Monetary Authority of Singapore

The Association was registered in April 2014 with an aim to promote best practice across the industry, raise the standard of AML/CFT compliance and act as a collective voice for all members. Today the Association has grown and is expanding its memberships as we see the introduction of the new Payments Services Act

No. We are not a licensing authority. Licenses are approved and issued by the Monetary Authority of Singapore.

Although joining the association is not mandatory, the Monetary Authority of Singapore has actively supported the formation of the Association and encourages all licensed money transfer businesses in Singapore to join the RA(S).

The RAS will be unable to help customers in such situations. For any complaints about a remittance licensee, please contact the Monetary Authority of Singapore.