Chapter 615 of the Laws of Hong Kong "Combating Money Laundering and Counter-Terrorist Financing"(financial institution)The Ordinance was revised in February 2018,Changed its name to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance(Anti-money laundering regulations)and will be implemented on March 1, 2018。In accordance with anti-money laundering regulations，Anyone wishing to operate remittance and/or currency exchange services(i.e. money services as defined in the Anti-Money Laundering Ordinance)The person must report to the Commissioner of Customs and Excise(Commissioner)Apply for a license。
Operating money services without a license from the Commissioner，It is a crime，Once convicted，punishable by a fine of $100,000 and imprisonment for 6 months。
According to the anti-money laundering regulations，The Commissioner is the relevant authority，Responsible for supervising money service operators(i.e. remittance agents and money changers)，Supervise the compliance of licensed money service operators with customer due diligence and record-keeping obligations and other licensing requirements，As well as cracking down on the unlicensed operation of money services, this license and its legislation give regulatory agencies appropriate regulatory and enforcement powers and formulate relevant penalty regulations.，as an improvement、Strengthen the system applicable to financial institutions to combat money laundering，Integrate it with international unified standards，It plays a vital role in consolidating Hong Kong's status as an international financial center.。
Money Service Operator License MoneyServiceOperator(MSO)It is the Hong Kong government’s purpose to combat money laundering and terrorist financing.，A license that requires any person who wishes to operate remittance or currency exchange services to apply to the Commissioner of Customs and Excise。Operating money services without a Money Services Operator License (MSO) issued by the Commissioner，It is a crime，Once convicted，punishable by a fine of $100,000 and imprisonment for 6 months。
So what does the money service in the "Hong Kong Money Service Operator License" (MSO) refer to? In fact, money services refer to currency exchange services or remittance services.。Currency exchange services refer to currency exchange services operated as businesses in Hong Kong，But does not include services incidental to the main business。For example, the service is operated on the hotel's premises，Mainly for the convenience of customers staying in the hotel；and only includes the person’s purchase of non-Hong Kong dollar currencies for exchange in Hong Kong dollars.。
Remittance services refer to those carried on as a business in Hong Kong、Providing one or more than one of the following transaction services：(one)Send money or arrange for money to be sent outside Hong Kong。(two)Receiving or arranging to receive money from a place outside Hong Kong。(three)Arrange to receive money outside Hong Kong。So what are the benefits for us to apply for a Hong Kong Money License (MSO)?
：Hong Kong as a major financial market in Asia，It is also the global offshore center for RMB.，Regardless of the maturity of the regulatory framework、Completeness of Public Transactions、Asset management scale and richness of financial products, etc.，They are all at the forefront of the international market and are the first choice platform for many investors.。every day，RMB 890 billion processed from Hong Kong's real-time payment system，The volume of RMB trade settlement transactions processed through Hong Kong has exceeded 230 million yuan。
Hong Kong market implements financial license management system，Enterprises or institutions can conduct stock trading at the same time、financial derivatives、Trading in foreign exchange and gold。After obtaining the "Hong Kong Money Service Operator License" (MSO)，It means that you have obtained a "pass" in Hong Kong's currency and foreign exchange markets.，Every transaction is subject to supervision by the Hong Kong government，100%Compliance assurance。Whether it is currency exchange services or remittance services，Your funds will be safe。
Provide investors with better prices and greater efficiency，and more flexible and convenient financial services。To put it simply, it is：Global recognition, convenient for cross-border transactions, legal protection, giving customers more trust in you, safe and confidential financial transactions, strict regulatory protection in the region where the license belongs
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