Radar / Money services business
Sir Money Changer
Money services business Singapore sirmoneychanger.com ↗
Reviewed 2026-10-27
Our verdict
High risk
We found serious problems with this provider.
- MAS revoked the Major Payment Institution licence with effect from 15 September 2026; the company can no longer provide cross-border money transfer and money-changing …
- MAS published an enforcement action (14 Oct 2026) revoking the licence after investigations found a third party independently operated a cross-border money transfer …
- ACRA-sourced aggregators show a Singapore exempt private company with S$250,000 paid-up capital and several officers/shareholders (counts differ between 4 and 8; …
What should I do?
- Do not send money, card details or ID documents.
- If you already paid: contact your bank or card issuer at once and ask for a chargeback.
- Report the provider to your financial regulator or the police.
Based on public sources at the date of review. Not a finding that the company acted unlawfully; the company can respond below.
About
Sir Money Changer Pte. Ltd. is a Singapore company (UEN 200610206M, incorporated 12 July 2006) that offered retail money-changing and remittance services from HarbourFront Centre. On 14 October 2026 MAS announced it had revoked the company's Major Payment Institution licence under the Payment Services Act 2019, effective 15 September 2026, after investigations found that a third party independently ran a cross-border money transfer business under its name from one of its premises and that it gave MAS false or misleading information. Media report the HarbourFront outlet as temporarily closed on Google Maps. An eGazette winding-up order notice (claimant Ripple Markets APAC Pte. Ltd., order dated 9 January 2025) is listed by a company-data aggregator, although the same aggregator shows the company as 'live'. Its website still describes MoneyGram and American Express traveller cheque services.
Read more
Sir Money Changer Pte. Ltd. is a Singapore company (UEN 200610206M, incorporated 12 July 2006) that offered retail money-changing and remittance services from HarbourFront Centre. On 14 October 2026 MAS announced it had revoked the company's Major Payment Institution licence under the Payment Services Act 2019, effective 15 September 2026, after investigations found that a third party independently ran a cross-border money transfer business under its name from one of its premises and that it gave MAS false or misleading information. Media report the HarbourFront outlet as temporarily closed on Google Maps. An eGazette winding-up order notice (claimant Ripple Markets APAC Pte. Ltd., order dated 9 January 2025) is listed by a company-data aggregator, although the same aggregator shows the company as 'live'. Its website still describes MoneyGram and American Express traveller cheque services.
The full check
🪪LicenceLicensing & registrationProblem
MAS revoked the Major Payment Institution licence with effect from 15 September 2026; the company can no longer provide cross-border money transfer and money-changing services. The company website still advertises these services. Some third-party directories still show the licence as active (last verified 7 Aug 2026), which predates the revocation.
👥Who owns itOwnership & controlCaution
ACRA-sourced aggregators show a Singapore exempt private company with S$250,000 paid-up capital and several officers/shareholders (counts differ between 4 and 8; shareholder count reportedly rose from 3 to 8 in Oct 2025). Individual owners and directors could not be verified from a primary register; only a Managing Director is named on the company's own website.
🏦Where your money goesBanking & payment chainNot checked yet
Not yet assessed.
⚖️Regulator actionsRegulatory actionsProblem
MAS published an enforcement action (14 Oct 2026) revoking the licence after investigations found a third party independently operated a cross-border money transfer business under the company's name from one of its premises, and that the company gave MAS false or misleading information. Separately, a Singapore eGazette notice (as listed by an aggregator) records a winding-up order dated 9 January 2025 (HC/CWU 313/2024, claimant Ripple Markets APAC Pte. Ltd., liquidators from KordaMentha); the register aggregator still shows the company as live, so the current status of that order is unclear.
📰News & reputationAdverse media & OSINTCaution
Singapore and trade media reported the MAS revocation. Reports describe the regulator's findings and do not allege specific money-laundering transactions. The HarbourFront outlet was reported as temporarily closed on Google Maps. The winding-up notice from 2025 is also an adverse indicator.
💬Customer experienceCustomer conductNot checked yet
Not yet assessed.
How we rate: methodology.
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Licences & registrations
| Regulator / register | Type | Number | Status |
|---|---|---|---|
| Monetary Authority of Singapore (MAS) | Major Payment Institution licence (Payment Services Act 2019) | Revoked / expired |
People & network
People (public registers)
- Mohamed Ali Sina · Managing Director (as stated on the company's own website; not confirmed in a public register) · source
Version history
- 2026-10-27 Red signal Automated profile created from public sources
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