Venue
Richbelt Tower
Richbelt Tower, 1504, 17 Annapolis, San Juan, 1111 Metro Manila

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Event Date Wed Feb 19 +08 (almost 2 years ago)
In your timezone (EST): Tue Feb 18 8:00pm - Wed Feb 19 3:00am
Location Richbelt Tower
1504, 17 Annapolis, San Juan, 1111 Metro Manila
Region APAC
Details

With millions of OFW’s who need to change their foreign currency, you are assured of a giant market for money changing.
Objective
To enable the participant to know how to set up and operate a money changing business

Who Should Participate?

Those who want to set up a Money Changing Business
Pawnshop owners who want to add a complimentary business for more profits
Key Topics
I. Definition and scope of money changer business
II. Capitalization required
III. Factors to consider in selecting a location
IV. Basic business permits
V. Bangko Sentral ng Pilipinas (BSP Requirements)
VI. Anti-Money Laundering Act (AMLA)- How to maintain compliance
VII. Staff requirements
VIII. Equipment required to operate a money changer
IX. Money changer store lay-out
X. Convertible and non-convertible currencies
XI. Currency pricing and buyers
XII. Computations
XIII. How to detect counterfeit currency
XIV. Basic money features
XV. Security features of Philippine Peso
XVI. Security features of U.S. Dollar
XVII. Other convertible currencies (Thailand Baht, Bahrain dinar, Brunei dollar, Euro, Hong Kong Dollars, Korean Won, Malaysian Ringgit, Australian dollar, New Taiwan Dollar, New Zealand Dollar, Singapore Dollar, Saudi Riyal, Switzerland Franc, UAE Dirhams, Great Britain Pounds, Canadian dollar)
XVIII. Basic Money Changer Operations
XIX. Remittance Center as an additional source of revenue
XX. Workshop – security features of different currencies