Travel Agent NewsSubmission of audited accounts is a requirement under the Travel Agents Regulations

Six travel agencies suspended for failure to submit audited accounts: STB

By Travel Weekly Asia

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Aug 27, 2019

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The agencies were suspended for failing to submit audited statement of accounts within six months after the close of their financial year.

The agencies were suspended for failing to submit audited statement of accounts within six months after the close of their financial year. Photo Credit: Vladmax/Getty Images

The Singapore Tourism Board (STB) announced it has suspended six travel agents from conducting travel agent activities with effect from August 26, 2019, in accordance with the Travel Agents Act (Chapter 334).

The six travel agents are: Alert Co Pte. Ltd. (travel agent licence number 02884); Success Express Pte Ltd (01474); RJ Travels Pte. Ltd. (02832); Sai Universal Holidays Pte. Ltd. (02782); Szimsai Holidays Events Pte. Ltd. (03030); TIS365 (Private Limited) (03091).

According to STB, the suspension is the result of the companies’ failure to submit their audited statement of accounts within six months after the close of their financial year.

The suspension will remain effective until the travel agents submit their audited accounts, or for up to six months – at which point the tourism board will decide on the next course of action. During the period of suspension, the travel agents are required to fulfil their existing obligations to their customers, but will not be allowed to accept new travel bookings.

For the most up-to-date list of licensed travel agents in Singapore, visit the Travel Related Users’ System (TRUST) website.

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