Hong Kong Money Service Operator License，also known asHong Kong Customs License，Issued by the Money Services Supervision Bureau of the General Department of Customs and Excise in Hong Kong under the Anti-Money Laundering and Financing (Financial Institutions) Bill。The licensing regulatory framework provides regulators with appropriate enforcement powers and penalties，Aimed at strengthening financial institutions’ systems to combat money laundering，and in line with international standards，It plays a key role in consolidating Hong Kong’s status as an international financial center.。
Hong Kong is Asia’s major financial market and the world’s largest offshore RMB center.，on regulatory maturity、The completeness of public transactions and the richness of financial products are among the best in the world.。RMB 890 billion is processed through Hong Kong’s real-time payment system every day，The volume of RMB trade settlement transactions processed through Hong Kong has exceeded 2.3 trillion yuan。holdMoney Service Operator License，Equivalent to obtaining a "pass" in Hong Kong's currency and foreign exchange markets，Can be carried out legallycurrency exchange services，Provide investors with more efficient、Flexible financial services。Facing the “Belt and Road” construction，Mainland entities increasingly need to rely on overseas futures and derivatives markets for risk management，Assist these companies to participate in overseas markets in compliance with regulations，Both a responsibility and an opportunity for financial services institutions。
currency exchange servicesandRemittance servicedefinition
Money services include currency exchange services andRemittance serviceTwo types of business。
currency exchange services，Refers to currency exchange activities carried out as a business in Hong Kong，However, it does not include the following exchange services incidental to the main business:：Accept foreign currency in retail transactions；or services provided by hotel managers at their premises for the convenience of guests staying at their premises，And this service only involves the purchase of non-Hong Kong dollar currencies in Hong Kong dollars.。
Remittance service，means operating as a business in Hong Kong，Providing services for one or more of the following transactions：
- Send money or arrange for money to be sent outside Hong Kong；
- Receiving or arranging to receive money from a place outside Hong Kong；
- Arrange to receive money outside Hong Kong。
License review and refusal situations
The Commissioner of Customs and Excise will refuse to issue a license by written notice in the following circumstances:：
- The applicant or any applicant in the business failed to passsuitable personassessment；
- Premises proposed to be used for operating money services are not suitable for that purpose；
- The applicant failed to obtain the written consent of each occupier of the residential premises used for operating money services，to allow authorized officers to enter the premises for routine inspections。
Information required for applicationChecklist
To apply for a money services operator license, you must submit the following documents:：
- Original certificate of incorporation (CI) of the company you are applying for；
- Original business registration certificate (BR) of the company you are applying for；
- Apply for clear scans of ID cards or passports of company directors and shareholders；
- Apply for clear scans of travel documents (such as Hong Kong and Macau passes) of company directors and shareholders；
- Two copies of the company’s articles of incorporation；
- Apply for a copy of company account information，The company account name and account number must be clearly reflected；
- Company business description。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong 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。To learn more，Please contactHong Kong Information Communications Consultant。
