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We have received reports that entites are being solicited for sales packages purported as "Business Awards". [Read More]
Exercise caution and conduct due diligence before making payment for “business award” offers. [Read More]

Terms and Conditions

Advisory: Unsolicited "Business Award" Participations and Nominations via WhatsApp - Verify Source of Communications

We have received reports from member companies and past award winners informing that they have fallen victim to the growing number of marketing packages disguised as "Business Awards". These schemes are aggressively marketed to Singapore businesses, and typically operate by sending unsolicited WhatsApp messages, cold calls or emails claiming that the business has been "nominated" or "selected" for an award, after which payment is demanded for trophies, plaques, gala dinners, marketing and/or sponsorship packages.

These entities have no affiliation with ATC, the Singapore 40 Under 40 Business Leaders or any of ATC's Business Standards programmes.

ATC does not cold-solicit businesses for award participation and any correspondence from ATC are via our official domain @atc.sg or official WhatsApp accounts. ATC's WhatsApp accounts are used only after a verified relationship has been established and only for notices, automated status updates and administrative transactions to existing applicants and members. If your first-ever contact from "ATC" is a WhatsApp message informing that you have been "nominated" or "selected" to participate and pay for an award, it is not from us.

If you are unsure of the source of communications:

  • Do not respond, make payment or share any personal, business or financial information with the sender, unless verified.
  • Do not click on links embedded in suspicious WhatsApp messages or emails.
  • Verify directly with us by calling +65 6304 3145 or emailing members@atc.sg before taking any further action.
  • Report the incident to the Singapore Police Force via the ScamShield helpline 1799 or at www.scamshield.gov.sg
  • File an official report with us

Important Note: ATC only administers the Singapore 40 Under 40 Business Leaders and the other segments officially listed under ATC's Business Standards. Any other programmes not listed on our official website is not endorsed by, affiliated with or recognised by ATC.

For more information, please visit our advisory page .

Singapore 40 Under 40 Business Leaders - Terms and Conditions

The following terms and conditions are applicable for application submission under the Singapore 40 Under 40 Business Leaders.

  1. The nominee is to ensure that information, completed application questionnaire and/or documents provided to the assessment unit for the application of the Singapore 40 Under 40 Business Leaders award are true and accurate.
  2. Nominee is to provide updated information, materials and/or documents upon request from the assessment unit. Such information, materials and/or documents are to be provided through hard copy, electronic mail or via the BizPortal
  3. Upon submission of the Singapore 40 Under 40 Business Leaders application ("application"), the nominee hereby agrees and acknowledges that the Association of Trade and Commerce ("ATC") assessment unit shall commence assessments, verification, background checks, referencing and any other related searches (herein referred as 'searches') in support of the application. Such searches shall be conducted at the sole discretion of the assessment unit and such information shall remain strictly classified.
  4. The assessment results and conclusion of an application by the assessment unit is final and binding. We regret to inform that no appeal(s) will be accepted in the event of application's rejection.
  5. The Singapore 40 Under 40 Business Leaders organising committee shall not be liable for any loss of application related documents, information, materials and/or payment. The nominee is to exercise due diligence in the process of making such submissions.
  6. The Singapore 40 Under 40 Business Leaders organising committee reserves the rights to amend, revoke and/or disqualify the status of the application if the nominee has been found to have breached in any of the areas:
    a. Information has been found to be inaccurate and the applicant failed to provide disclosure for such information,
    b. Fraudulent or misrepresentation of applicant and/or business information,
    c. Civil and/or criminal proceedings filed against the applicant,
    d. Trading and/or fiscal policies have been found to be of unethical,
    e. Failed to effect payment for the Alumni Kit within the given duration (ie: 7 days upon notification);
  7. To maintain the integrity and uphold high standards of the Singapore 40 Under 40 Business Leaders, the assessment unit shall, at its own discretion to perform periodic review of nominee and the representing business(es) to ascertain the status of awarded nominees. Such decision shall remain final at the sole and absolute discretion of the assessment unit.
  8. Singapore 40 Under 40 Business Leaders awardees are authorised to use the media files for promotional and marketing purposes. It is agreed that such file(s) shall not be modified, changed, amended and/or altered and are to be represented in a dignified and respectful manner in the course of incorporation. Such media files includes:
    a. Media files included in the digital kit;
    b. Ceremonial and media releases.
  9. Awarded nominees under the Singapore 40 Under 40 Business Leaders will be required to take up the Alumni Kit. The one-time cost for the Alumni Kit is S$ 7,884.00 (inclusive of 9% GST).
  10. In the event where the nominee has been assessed and has been notified of being selected to the award but have decided to withdraw his/her application, a withdrawal administrative fee of S$ 864.00 (inclusive of 9% GST) will be imposed for such withdrawal.
  11. It is important that applicant maintains a positive credit rating on both an individual and corporate level. In the event where payment for the Alumni Kit has been overdue for a period of more than twenty-one (21) days, the following areas will be in effect:
    a. Nominee will be disqualified from the Singapore 40 Under 40 Business Leaders with immediate effect;
    b. Status of the application shall be revoked;
    c. Overdue payment and duration shall be filed with the relating credit agencies;
    d. Applicant shall be filed for further audit on compliance;
    e. Applicant and managing business(es) may be barred from future applications.
  12. The applicant agrees to indemnify the Singapore 40 Under 40 Business Leaders organising committee, Association of Trade & Commerce (Singapore) and our affiliates against any and/or all losses arising from the application and/or participation of the Singapore 40 Under 40 Business Leaders.
  13. Any decisions made by the Singapore 40 Under 40 Business Leaders organising committee shall be final and binding.