After more than a month of application and rigorous review,,Epay Global Payments Hong Kong company Epay Limited successfully applied for a license to operate money services on 2014.10.14,License has been issued。
Epay is the first third-party payment institution in China to integrate RMB and foreign currency payment services.,Committed to providing simple、Safety、Convenient payment processing services,Business services mainly include online payments、Global collection、Deposit and withdrawal、currency exchange、Convenient financial services、Comprehensive global financial services such as Yipai Red Packet。
Chapter 615 of the Laws of Hong Kong "Combating Money Laundering and Counter-Terrorist Financing"(financial institution)Regulations stipulate,Anyone wishing to operate remittance and/or currency exchange services(i.e. money services as defined in the Anti-Money Laundering Ordinance)The person must report to the Commissioner of Customs and Excise(Commissioner)Apply for a license。Operating money services without a license from the Commissioner,It is a crime,Once convicted,punishable by a fine of $100,000 and imprisonment for 6 months。
Money services in the "Hong Kong Money Service Operators License" refer to currency exchange services or remittance services。This time, Epay Global Payments Hong Kong company Epay Co., Ltd. successfully applied for a license to operate money services in Hong Kong.,This means that Epay will legitimately and legally carry out related currency exchange services and bank remittance services.。
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