The Hong Kong MSO license is a regulation implemented by Hong Kong to combat money laundering and terrorist financing.，Mainly due to Hong Kong Customs regulation。Mainly aimed at anyone who operates or wants to operate money services。Hong Kong Xintong-Existing MSO license pending transfer，If necessary, please contact us。The company also accepts agency application for MSO licenses。
Hong Kong Xintong-Services provided
- Preliminary review of the situation of the Hong Kong company on the demand side，Provide corresponding compliance advice on newly issued licenses；
- Licensee；
- office space；
- Professional compliance consultant、Accountant、Lawyer services；
- MSO current license transfer； Anyone operating money services without a license in Hong Kong commits a crime!
- 6Is it necessary to apply for a separate license for additional premises for operating money services in addition to the main premises?
No need to apply for a separate license。The applicant must include each additional premises where money services are operated in the license application or license renewal application，and must be paid for each additional business premises required to be registered
cost
(Please refer to Article XIV
cost
surface)。
- 7When do I need to apply for a license?
(a)Anyone operating a money service must apply for a license from the Commissioner；or (b)Remittance agents and/or money changers registered with the Joint Financial Intelligence Unit of the Hong Kong Police Force and their registration is still valid on March 31, 2012，During the 60-day transition period from April 1, 2012 to May 30, 2012，Can continue to carry on business at the business premises listed in the group's register as at 31 March 2012。
Registered remittance agents and/or money changers who wish to continue operating money services business after the transition period，He may apply to the Commissioner for a license at any time before the expiry of the transition period。After submitting the license application，Before a new license is granted or the application is refused or withdrawn，He can still continue to operate a money services business。
- 8If the Commissioner refuses to grant a money services operator license or renew the license，Will the licenses collected be returned?
cost
？
Regardless of whether the license is subsequently approved or rejected, the received license application
cost
，Not refundable。
- 9What form will a money services operator license take?
The license must be in a form specified by the Commissioner，and shall— (a)Specify— (i)For the purpose of a license to operate money services in specified premises，the address of each premises at which the licensee may operate money services；or (ii)in any other case，Correspondence address of the licensee concerned； (b)The endorsement is based on section 1 of the Ordinance
- 31or conditions imposed or modified by section 32；and (c)Validity period of specified license。
- 10How long is the validity period of the license granted? Normally，The license granted is valid for two years。If the licensee wishes to continue operating money services，Application for license renewal must be submitted before expiration of validity period。anyway，A license ceases to be valid when— (a)If the licensee is an individual，when the person dies； (b)If the licensee is a partnership，When the partnership is dissolved；or (c)If the licensee is a corporation，When the corporation begins to be wound up。
- 11What are the consequences of operating a money service without a license? Regulation 29(1)Regulation stipulates that any person operating money services without a license，It is a crime。Regulation 29(2)Section 29 provides that any person who commits(1)Offenses under Article，Once convicted，Can be fined HK$100,000 and imprisoned for 6 months。
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。
