How to Start a Money Changer Business
About the Training/Workshop
Overview
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
----------------------------------------------------------------------------
Click here to -> CHECK SCHEDULE
TIME: 9:00 AM to 4:00 PM
VENUE: Unit 2 2/F Intellect Bldg. MacArthur Highway, Brgy. San Sebastian, Tarlac City, Tarlac
----------------------------------------------------------------------------
Click here to -> DOWNLOAD MANUAL REGISTRATION
OR
Click here to -> REGISTER ONLINE
----------------------------------------------------------------------------
Contact Details:
Contact Numbers: (045) 923.1751 or text/call 0920.959.4020 or 0949.993.9043
For inquiries, you may also leave a message in our CONTACT FORM.