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Hong Kong MSO License:Business site management、Validity period and review requirements

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Hong Kong MSO License,Money service operator license,After obtaining the license, you can engage in a variety of money service-related businesses。Compared with Hong Kong financial license No. 1-12,Hong Kong MSO licenseApplication thresholdrelatively low,butProcessThere are still more details in,Need to be handled with caution。

Core operating requirements for Hong Kong MSO licenses

  1. No unauthorized additions are allowed without approvalBusiness premisesEvery additional business location of an MSO licensed corporation or individual,All must obtain prior approval from the General Administration of Customs。Those who add business premises privately will face customs penalties.。
  2. The license is valid for two years,However, there may be early termination。If licensed by an individual,The death of the licensee will cause the license to become invalid;If licensed by a corporation,When the corporation enters liquidation proceedings,Regardless of the remaining validity period stated on the license,The licenses will be terminated immediately。
  3. Business location is not a mandatory requirement for application。Many agents misrepresent that an actual business location is required when applying.,This is not the case。If business is through door-to-door service only (meeting at client's premises),or entirely by phone、Network provides money services,Only your mailing address is required when applying,No fixed business address required。
  4. All registeredbusiness placeare subject to review,Liability for concealing informationlegal liabilityEvery registered MSO business location must cooperate with the review。Cases shown in the past,Some people underreport places to avoid scrutiny,This behavior may constitute a crime,Can be fined or even imprisoned。

About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong Kong MSO Licenseandmoneylenders licenseApply for service,Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant

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Picture of Chen Weilun

Chen Weilun

Chen Weilun, money service operator in Hong Kong (MSO) Compliance and regulatory practice areas include 12 years of experience。He served as head of the compliance department of the local payment and currency exchange licensing authority,Directly responsible for MSO license application、Anti-money laundering / Customer due diligence system (AML/KYC)、risk assessment design、Establish daily monitoring procedures and communicate with the Customs Department for review and other compliance tasks。

Areas of expertise:MSO license application、AML/KYC system、risk assessment、daily monitoring procedures、Customs Department review communication。

Previous institutions:Hong Kong MSO Payment Institution & Head of Compliance Department

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Hong Kong and Chinese team · Senior financial compliance experts