Watchtower Holdings director cites stronger compliance after CPF lapses

The Anytime Fitness, BFT owner faces 14 charges over late CPF contributions for 13 employees

Watchtower Holdings director cites stronger compliance after CPF lapses

The company operating multiple Anytime Fitness gyms and Body Fit Training (BFT) studios across Singapore is implementing stronger internal safeguards after coming under fire for late Central Provident Fund (CPF) payments to staff, according to reports.

Court filings show that Watchtower Holdings, the entity that runs these fitness brands, is facing 14 separate charges linked to overdue CPF contributions affecting 13 workers over a seven-month stretch from July 2025 to January 2026, Channel News Asia (CNA) reported, citing court documents.

Watchtower Holdings director Monica Angkodjojo told CNA she would not comment on case specifics given ongoing court proceedings, but she did speak to the measures taken since the issue surfaced.

"We acknowledge the seriousness of the matter and take our obligations to our employees very seriously," she told the news outlet.

"Since identifying the issue, we have strengthened our internal compliance processes and implemented additional safeguards to ensure this does not happen again."

Angkodjojo further stated that repayment of the outstanding CPF sums is underway, with full settlement targeted for July 7, which is three days before the July 10 deadline.

Watchtower Holdings is the parent company of ReFormd, which owns 16 BFT studios, five personal training gyms, and 14 Anytime Fitness locations across Singapore.

Breaches on CPF rules

In Singapore, employers are required to remit CPF contributions within 14 days of the close of the month in which they fall due.

Non-compliance carries penalties of S$1,000 to S$5,000, up to six months' imprisonment, or a combination of both. Those found to have offended before face escalated consequences: fines ranging from S$2,000 to S$10,000, jail terms of up to a year, or both.

CNA reported that CPF records show this is not Watchtower Holdings' first brush with such violations, as the company was convicted on two similar counts in December 2025 and ordered to pay a S$2,400 fine.

The CPF Board confirmed that its inquiry into the company, along with efforts to claw back unpaid sums, has been ongoing since August of last year.

In the second quarter of 2026 alone, the Board logged four separate complaints tied to the firm, three of which have since been resolved, with some of the money owed already recovered.

"We will continue to follow up with the company and its director to recover any remaining arrears," the CPF Board told CNA.

The case returns to court on July 30.

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