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Hong Kong MSO license application requirements,Guidelines for Application and Transfer of Currency Exchange License

Financial card care question

Hong Kong MSO license is the abbreviation of Money Service Operator。After obtaining this financial license, you can do a lot of work related to money services.。But what needs to be reminded here is that,Although Hong Kong MSO license application

Require

The threshold is much lower than the requirements for applying for licenses No. 1-12 in Hong Kong.。However, there are still many details in the overall processing.。

Below we focus on the Hong Kong MSO license application

Require

,And a comparison of the two methods of handling and transferring currency exchange licenses。 1,After successful application for Hong Kong MSO license,Can I add more business locations myself? Not allowed。Each MSO licensed corporation or individual needs to obtain approval from the General Administration of Customs for each additional business location.,You cannot increase your business premises privately。Otherwise, you may face penalties from customs。

2,How long is the validity period of a Hong Kong MSO license? Generally valid for two years。But if in the course of business,Death of licensed individual,Then this MSO license will also lose its effectiveness.。There is also a situation,That means the license belongs to a corporation.,If this corporation faces liquidation during the period,So no matter how long the time is shown on the license plate,The Hong Kong MSO license will be terminated。

3,Hong Kong MSO license application

Require

Is it necessary to have a business location? No。Many intermediaries who don’t know much about it introduce Hong Kong MSO in articles.

Application process

Must have actual business premises。If the business process is only to provide door-to-door services,All meetings with customers are at the customer's premises,Or just provide money services over the phone or online。

Then you only need to provide a mailing address during the application process.,It is not necessary to have a fixed business address。 4,Hong Kong MSO License

Application process

Is a site review required? Yes。Every registered Hong Kong MSO licensed business premises needs to be reviewed,There was a problem before,That's because some people are afraid of trouble,One or two understatements。

Many people may not understand,This involves crime,May result in penalties or even jail time。 It is an excellent financial license processing and transfer service organization in China.,Have abundant processing and transfer resources on hand。It is recommended that you need to learn more about the application and transfer of money service licenses in Hong Kong.,You can call us directly to communicate and understand clearly.。


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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