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Hong Kong MSO license application requirements

Financial card care question

我们来说说MSO牌照MSO牌照是指金钱服务经营者牌照MoneyService Operator (MSO)abbreviation,Hong Kong's financial regulations require that any person who wishes to operate remittance or currency exchange services must apply for such a license from the Commissioner of Customs and Excise.。

Operating money services without a Money Services Operator License (MSO) issued by the Commissioner,It is a crime,Once convicted,punishable by a fine of $100,000 and imprisonment for 6 months。

Hong Kong as the financial market center of Asia,In many projects, large amounts of funds will flow in and out.,政府为了利于监管就设立了香港金融牌照→金钱服务经营者牌照MoneyService Operator (MSO)After obtaining the "Hong Kong Money Service Operator License" (MSO),It means that you have obtained a "pass" in Hong Kong's currency and foreign exchange markets.,Every transaction is subject to supervision by the Hong Kong government,Compliance assurance。

Whether it is currency exchange services or remittance services,Your funds will be safe。Provide investors with better prices and greater efficiency,and more flexible and convenient financial services。To put it simply, it is:Global recognition facilitates cross-border transactions. Legal protection makes customers more trustful in you. Financial transactions are safe and confidential. The region where the license belongs is strictly regulated and protected. After successfully applying for a Hong Kong MSO license,Can I add more business locations myself? Not allowed。

Each MSO licensed corporation or individual needs to obtain approval from the General Administration of Customs for each additional business location.,You cannot increase your business premises privately。Otherwise, you may face penalties from customs。Related products:Hong Kong MSO License

Application conditions

, Hong Kong MSO License

Process


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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