mlm laws in singapore

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mlm laws in singapore
How are MLM activities governed in Singapore?


The Ministry of Trade and Industry in Singapore monitors the pyramid selling and catch all business schemes. Established in 1973, the Multi-level Marketing and Pyramid Selling (Prohibition) Act was amended by the Parliament in June 2000 to broaden the definition of MLM (pyramid selling) and other multi-level business schemes that seem attractive. However, not all multi-level marketing techniques are fraudulent, and therefore the Act excludes legitimate businesses like insurance companies, master franchises, and direct selling companies that are compliant with the trade ministry’s regulations. The Exclusion Order was implemented in June 2000
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