Hong Kong as a major financial market in Asia，The global offshore center for RMB，Whether it’s from the maturity of the regulatory framework、Completeness of Public Transactions，Or in terms of the richness of financial products?，are at the forefront of international，It is the preferred platform for many investors。Hong Kong strengthens financial institutions’ anti-money laundering system，launchedmoney service operator(MSO) license。According to Hong Kong law，It is an offense to operate a money services business without a license，Upon conviction, he is liable to a fine of HK$100,000 and imprisonment for 6 months.。
Hong Kong MSO LicenseExemption conditions
According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance，money service operatorThe licensing conditions of the license do not apply to government and below organizations：
- accreditation body
- A licensed corporation that operates money services (provided that the services are ancillary to the corporation's principal business)
- An authorized insurer that operates money services (provided that the services are ancillary to the insurer's principal business)
- An authorized insurance broker who operates money services (provided that the service is ancillary to the broker's principal business)
- An appointed insurance agent who operates money services (provided that the services are ancillary to the agent's principal business)
The above exemption scope involves a number of statutory definitions，Details are as follows：
- accreditation body：With Chapter 155 Banking Ordinance Section 2(1)the meaning given to the word。
- licensed corporation：has the meaning assigned to it in section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance, Chapter 571。
- Authorized Insurer：means an insurer authorized under the Insurance Companies Ordinance, Chapter 41。
- Authorized insurance broker：With Chapter 41 Insurance Companies Ordinance, Section 2(1)the meaning given to the word。
- Appointed insurance agent：With Chapter 41 Insurance Companies Ordinance, Section 2(1)the meaning given to the word。
Hong Kong MSO LicenseEligibilityandultimate owner
Any person who operates or proposes to operate money services，All are required to apply for an MSO license。Conditions for qualifying for a license，According to section 30 of the Ordinance(3)strip，The Commissioner may only，before granting or renewing a license to the applicant：
- If the applicant is an individual，the individual and eachultimate ownerAll operate money servicessuitable person；
- If the applicant is a partnership，Each partner and each ultimate owner of the partnership carries on money servicessuitable person；
- If the applicant is a corporation，Each director and each ultimate owner of the corporation is a fit and proper person in connection with the conduct of a money services business。
Definition of ultimate owner
Personal application
Ultimate owner means another individual who ultimately owns or controls that individual’s money services business；if the individual is acting on behalf of another person，means that other person。
Partnership application
The ultimate owner is：
- Directly or indirectly entitled to share or control more than 25% of the capital or profits of the partnership；
- Directly or indirectly entitled to exercise more than 25% of the voting rights of the partnership，or control the exercise of such proportional voting rights；or
- Exercise ultimate control over the management of the partnership。
Hong Kong Xintong MSO license service
Hong Kong Xintong currently has several MSO licenses to be transferred，Price negotiable，At the same time, it also undertakes MSO license agency business。The services we provide include：
- Preliminary review of the situation of the Hong Kong company on the demand side，Provide corresponding compliance advice on newly issued licenses；
- Licensee Arrangements；
- Office space solutions；
- Professional compliance consultant、Accountant、Lawyer services。
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。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。
