SINGAPORE – The Singapore Tourism Board (STB) has suspended the license of native journey agent Asian Travels Community for violation of the business laws.
The suspension, which got here into impact final Thursday (April 4th), signifies that the company won’t be allowed to simply accept new journey bookings.
Nevertheless, he’s nonetheless required to meet all current obligations to his shoppers.
In an announcement launched Wednesday, the STB stated that Asian Travels Community had not submitted its audited assertion of accounts inside six months of the tip of its fiscal 12 months.
The STB said that the submission of audited accounts is a requirement of the Journey Brokers Regulations.
Failure to submit audited accounts in a well timed method "raises issues about an organization's capability to satisfy the minimal monetary necessities imposed by regulation," he added.
The suspension of Asian Travels Community will likely be till additional discover, stated the STB, which has assigned the license variety of the company to 03109.
"The STB is taking a severe stance towards wandering journey brokers and won’t hesitate to take the required steps to guard the fame of the Singapore journey business," the assertion stated.
The general public can test the Belief Associated Person System (Belief) web site at https://belief.yoursingapore.com for an up-to-date listing of licensed journey brokers in Singapore.
Journey brokers with license functions can ship an e-mail to firstname.lastname@example.org.