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Hong Kong company Epay Limited successfully applied for a license to operate money services

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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.。


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

Editing of articles in this issue:

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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