Recently，There has been a significant increase in the number of customers inquiring about Hong Kong’s Money Services Operator (MSO) license.。in Hong Kong，Any person or organization engaged in or intending to engage in money services business，A license must be obtained in advance。Unlicensed operation upon conviction，The maximum penalty is a fine of HK$50,000 and imprisonment for six months.。The following is the scope of services covered by the license:、Detailed description of application requirements and fee structure。
Scope of money services
According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance，Money services refer tocurrency exchange servicesorRemittance service。
currency exchange services
Currency exchange services refer to currency exchange transactions carried out as business in Hong Kong，However, it does not include incidental exchange services that are dependent on the main business.，For example：
- Accept foreign currency in retail transactions；or
- Services provided by hoteliers on hotel premises for the convenience of guests，And it is limited to transactions in which Hong Kong dollars are exchanged for non-Hong Kong dollar currencies.。
Remittance service
Remittance services refer to those carried on as a business in Hong Kong、Providing services for one or more of the following transactions：
- Remit or arrange to remit funds outside Hong Kong；
- Receive or arrange to receive payments from outside Hong Kong；
- Arrange to receive payment outside Hong Kong。
License application requirements
Before anyone starts operating a money service,，Submit license application to the Commissioner of Customs and Excise。Once the application is approved，before it can be officially operated。If the application is rejected，The decision will be notified to the applicant in writing。
License fee details
Apply for new license and renew license，All are subject to prescribed fees。If there are additional premises other than the main business premises for operating money services，The applicant must include each additional premises in the license application or renewal application，and pay the corresponding fees for the additional premises。All license application fees paid，regardless of whether it is ultimately approved，None will be refunded。
The above is the applicationHong Kong Money Services LicenseBasic information you need to know。Hong Kong Xintong International has assisted many companies to successfully obtain various financial licenses in Hong Kong，If you are interested inApplication conditions or fees for MSO licenseHave any questions，Welcome to contact us directly，Get more detailed professional advice。
Related products：MSO license application conditions、Application fee for money services license
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