Money laundering regulations are mandatory in most countries，and
Require
Registration for financial institutions and persons wishing to engage in money services such as currency transactions or remittance services。For example，in the united states，bank secrecy act
Require
All money services businesses must register with the U.S. Treasury Department’s Financial Crimes Enforcement Network。
in Hong Kong，2012The "Combatting Money Laundering and Counter-Terrorist Financing" came into effect on April 1(financial institution)Ordinance (Anti-Money Laundering Ordinance) governs the registration of money services businesses。According to the Anti-Money Laundering Ordinance，Any person who wishes to operate remittance (transfer) and/or currency exchange services (currency transactions) must apply to the Hong Kong Customs and Excise Department(CED)Commissioner applies for license。
The Anti-Money Laundering Ordinance stipulates that money service operators who do not have a certificate issued by the Commissioner(MSO)Operating money services under license，It is a crime，Once convicted，punishable by a fine of HK$100,000 and imprisonment for 6 months。To apply for a money service operator license, you must first fill in the application form，That is Table 1。
The table
Require
Applicant business fills in the following details：Include details of applicant’s business、The ultimate owner and/or director of the applicant’s business、Bank account information and specific premises where money services are operated。
Applicants also need to submit four main supporting documents when submitting Form 1：(1)Supporting documents of applicant’s details，Such as business registration certificate and company registration certificate；(2)Documentation supporting details of each premises，Such as lease and floor plan；(3)every partner、Documentation supporting details of directors or holders，Declaration of Fit and Proper Person form；and(4)Authorization letter signed by all partners or board of directors。
In addition to the above four main supporting documents，Applicants may also need to submit other supporting documents not listed on the application form，For example, business plan。It should be noted that，Applicants who want to operate money services online，Documentation proving the specific premises from which money services are operated may not be required。After submitting the application form and supporting documents，The directors or owners of the applicant’s business are required to attend an interview with an authorized officer at the Hong Kong Customs Department。
Before issuance of money services operator license，Hong Kong Customs officers will also conduct on-site inspections at the premises listed on the application form。After issuance of money service operator license，Relevant records will be kept by the Hong Kong Customs and Excise Department，Licensed money service operators will be updated on the Hong Kong Customs and Excise Department website，A list of currently licensed money service operators can be found at:
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。
