SINGAPORE, 2 October 2023: The Singapore Tourism Board (STB) reports that AGI Technosys Pte Ltd (travel agent licence number 03266) has been suspended from conducting travel agent activities effective from 26 September 2023 until further notice, in accordance with the Travel Agents Act (Chapter 334).
The suspension results from the company’s failure to submit its audited statement of accounts within six months after the close of its financial year. The suspension will remain in effect until AGI submits its audited accounts and any other regulatory filing requirements or for up to six months, whichever is earlier. During the suspension period, AGI must fulfil its existing obligations to its customers but will not be allowed to accept new travel bookings.
The submission of audited accounts is a requirement under the Travel Agents Regulations. A failure to submit the audited accounts within the stipulated deadline raises concern over a company’s ability to meet the minimum financial requirements mandated under the Travel Agents Regulations.
STB takes a serious view against errant travel agents and will “not hesitate to take necessary actions to protect the reputation of Singapore’s travel industry.”
For the most up-to-date list of licensed travel agents in Singapore, please visit the Travel Related Users’ System (TRUST) website: https://trust.stb.gov.sg. Travel agents may also email us at [email protected] for related licensing queries.
For the most up-to-date list of licensed travel agents in Singapore, please visit the Travel Related Users’ System (TRUST) website, https://trust.stb.gov.sg. Travel agents may also email us at [email protected] for related licensing queries.
