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What are the procedures required to apply for a Hong Kong MSO license?

Financial card care question

Hong Kong Xintong Peng Yishuo License:There are still many procedures required to apply for a Hong Kong MSO license.,,If you go to Hong Kong Customs to handle it yourself,Requires study application form to be completed,Venue layout,You still have to go through customs inspection.,If you choose to do it yourself,one is

cost

Not much less,One is really going to waste a lot of time。In this article we mainly tell you about,What are the procedures required to apply for a Hong Kong MSO license?。

one,How long does it usually take to apply??No specific market for approval,Processing times vary for various reasons,Including collecting required documents from applicants,Conduct on-site inspections at business premises,and the time required to record the determination of appropriateness to other agencies. 2.,Process of applying for Hong Kong MSO license:1,Submit an application in writing or electronically to the Money Services Supervision Division of the Hong Kong Customs and Excise Department,The application form can be obtained from the designated website;2,Customs will conduct inspection after receiving the application materials.,when necessary

Require

Applicant makes clarification;3,The applicant will receive a payment notice from the customs,Customs officers will check payment records;4,Applicants must sign a formal

Require

Application Form 3 for Grant of Money Service Operator License,Under what circumstances will the Commissioner refuse to grant a money services license to an applicant??

  1. The applicant or one or more applicants in the applicant's business failed to pass the fit and proper determination;
  2. The proposed premises are not suitable for carrying on the business;
  3. The applicant failed to obtain the written consent of each occupier of the residential premises used for operating money services,May allow or authorize a person to enter the premises to conduct routine inspections.
  4. After receiving the license application form,Customs will issue a notice confirming receipt of the application form to the applicant.,and will check the submitted documents,and when necessary

Require

Applicant provides clarification.After,Applicants will be notified of the interview and will apply for the grant of license and a fit and proper determination.

cost

Payment slip. Applicants must bring this notice,The original payment record and required documents will be met with our department staff as scheduled. Our department staff will check the original documents and payment record during the interview. Applicants must sign a formal form in front of customs officers.

Require

Application for grant of money services operator license. Processing time will vary depending on various factors,Including collecting required documents from applicants,Conduct on-site inspections at business premises,And the time required to obtain the determination record of suitable candidates from other organizations. The above is simple information about the procedures required to apply for an MSO license in Hong Kong.,If you need more details,You can also contact me directly,We will have recently updated information for your reference。

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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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