Apply for a money services operator license 、 Remittance Service Operator License、Currency exchange operator license above individuals、Corporation、You can apply as a partner。Anyone operating a money service must report to the Commissioner of Customs and Excise(Commissioner)Apply for a license。Any person operating money services without a license in Hong Kong commits an offense。
This licensing guide is designed for individuals and corporations that operate or intend to operate money services in Hong Kong.，Set out the licensing requirements under the Ordinance，and elaborate on the application procedures。also，This licensing guide also provides information on the continuing responsibilities of the licensee and the disciplinary actions that may result from misconduct.。Money service operators applying for licenses
FAQ
What is a money service operator?
*A: Money service operator refers to a person or institution that operates currency exchange services or remittance services。Under the Anti-Money Laundering Ordinance，Relevant authorities who are money service operators? *A: The Commissioner of Customs and Excise is the relevant authority under the Anti-Money Laundering Ordinance。Under the Anti-Money Laundering Ordinance， If I want to operate a currency exchange and/or money transfer service，What should I do?
*A: Under the Anti-Money Laundering Ordinance，Persons interested in operating in the money services industry，Must apply for a license from the Commissioner of Customs and Excise。Under what circumstances does a licensee violate the specified provisions of the Anti-Money Laundering Ordinance?，Is it a crime? A: According to Section 5 of the Anti-Money Laundering Ordinance，commits an offence, knowingly or with intent to defraud any relevant authority。
Employees of any financial institution、or employed by a financial institution、or under what circumstances a person involved in the management of a financial institution violates the specified provisions of the Anti-Money Laundering Ordinance，It is a crime?A: According to Section 5 of the Anti-Money Laundering Ordinance，commits an offence, knowingly or with intent to defraud any relevant authority。When to complete the due diligence process?A: Due diligence procedures are also required before entering into any business relationship or executing specified non-recurring transactions.。
All customer and transaction documents and records should be maintained for as long as the business relationship with the customer is maintained，and be kept within a few years after the relevant business relationship is terminated?A: According to paragraph 8.4 of the Guidelines，Maintained during the period of maintaining the business relationship with the customer，and customer records are also required to be maintained within six years after the termination of the relevant business relationship.。
If identity verification occurs after establishing a business relationship 30 Still not completed after working days，How to deal with?A: 根据指引第
- 8part，Need to temporarily suspend the business relationship with the customer。At a minimum, how many times a year should financial institutions review all high-risk customers??A: 根据指引第
- 13part，High-risk customers should be reviewed annually for due diligence and ongoing monitoring procedures。
Under what conditions does the Commissioner of Customs grant a money service operator license? *A : Briefly，applicant(or any of its partners / director / ultimate owner)Must have not been convicted of Section 30(4)offenses detailed in、or who is not an undischarged bankrupt，At the same time, the specific premises used for operating money services must be a premises deemed suitable by the Commissioner of Customs and Excise.。
How long is the license valid for?? *A : The license is valid for two years。The licensee must submit a license renewal application at least 45 days before the license expires.。If you have not applied for a license，Can it be opened? *A : Operating without applying for a license，Belongs to unlicensed operation，The offender has violated the law。
Unlicensed operation、Failure to comply with due diligence、Penalties for failing to maintain complete customer and transaction records *A : Employees of any financial institution、or employed by a financial institution、or a person involved in the management of a financial institution，If a specified provision is breached with intent to defraud the financial institution or any relevant authority，Once convicted，The maximum penalty is 7 years' imprisonment and a fine of NT$1 million.，also，Hong Kong Customs may order the financial institution to pay a fine of up to $10 million or three times the amount of the profits or expenses avoided by the financial institution as a result of the relevant contravention (whichever is greater)。
Important matters after licensing A : When receiving a license，Hong Kong Customs and Excise Department
Require
Licensee submits candidate information for "Compliance Officer" and "Money Laundering Reporting Officer"，and
Require
Licensees submit transaction records and number of transactions of licensed companies every quarter；In addition, suspicious transactions and suspicious customer data must be reported to the customs in a timely manner.。
License period，If the licensee needs to make any changes(If the money laundering reporting officer is changed) ，The licensee shall within one month from the date of change，Notify relevant changes in writing to Customs。[Manager Peng Yi of Shenzhen Hong Kong Xintong] focuses on providing customers with industrial and commercial finance and taxation、Qualification agency，Hong Kong, Zhuhai and Macao license plates，One-stop service including license plate processing in both places，With thousands of success stories，Welcome to inquire，We will serve you wholeheartedly。
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