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Money Services License What can a Hong Kong financial license do?

Hong Kong Money Services License(Currency exchange services or money transfer services),The companies that require this license are as follows::

  1. Hong Kong agent for WeChat/Alipay
  2. Cross-border payment、Cross-border fund management platform
  3. Wild Card Acquirer
  4. Collection and payment company (game payment platform、Collection and payment for overseas advertising platforms、supply chain finance)
  5. Open a physical money change shop/exchange bank in Hong Kong,So it’s very powerful,However, it is becoming more and more difficult for the district to apply for this license. The current channel for obtaining a money service license is through acquisition.,Applications generally don’t work.,What should you pay attention to when purchasing?,First of all, the company must be clean,To do due diligence, you need to find out whether there are any debts in all previous matters.,What contracts have you signed?,It is to ensure that the company can operate well without any problems.。

What is the situation of the company currently being transferred?,I really came to the company to discuss this.,We have a dedicated purchasing department,They have the resources,I still hope you can come to the company to discuss this matter,When the time comes, put all the information on the table.。

News related to money service companies: Tens of millions of Hong Kong dollars were robbed at a foreign currency exchange shop in Tsim Sha Tsui, Hong Kong. There may be an insider reporting the news. China News Service, August 9, according to Hong Kong Ta Kung Pao.,A multi-million dollar incident occurred on Middle Road in Tsim Sha Tsui, Hong Kong on the evening of the 8th(Hong Kong dollar,The same below)robbery。

3Employees at foreign currency exchange shops,8On the evening of the same day, he went to another foreign currency exchange shop to withdraw nearly 10 million yuan in cash.,When preparing to put the suitcase containing money into the 7-seater car when leaving,Ambushed by 3 men,1An employee was hit on the head by a glass bottle,3The gangsters stole the suitcase,Get into the private car and escape。


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

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Picture of Chen Weilun

Chen Weilun

Chen Weilun, money service operator in Hong Kong (MSO) Compliance and regulatory practice areas include 12 years of experience。He served as head of the compliance department of the local payment and currency exchange licensing authority,Directly responsible for MSO license application、Anti-money laundering / Customer due diligence system (AML/KYC)、risk assessment design、Establish daily monitoring procedures and communicate with the Customs Department for review and other compliance tasks。

Areas of expertise:MSO license application、AML/KYC system、risk assessment、daily monitoring procedures、Customs Department review communication。

Previous institutions:Hong Kong MSO Payment Institution & Head of Compliance Department

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Hong Kong and Chinese team · Senior financial compliance experts