MONEY BROKERS

Money brokers are persons or companies that negotiate loans between various financial institutions. In Singapore, money brokers are approved and governed under the Monetary Authority of Singapore Act. They are only allowed to provide broking services, but are not allowed to act as principal nor hold positions in the foreign exchange and money markets. Money brokers are only to interact with MAS approved,… More

Money brokers are persons or companies that negotiate loans between various financial institutions. In Singapore, money brokers are approved and governed under the Monetary Authority of Singapore Act. They are only allowed to provide broking services, but are not allowed to act as principal nor hold positions in the foreign exchange and money markets. Money brokers are only to interact with MAS approved, licensed, registered or regulated banks and financial institutions. Less