Instructions for applying for a money services operator license in Hong Kong Anyone operating money services in Hong Kong must apply for a license from the Hong Kong Customs and Excise Department in accordance with the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 of the Laws of Hong Kong。Money services include currency exchange services and remittance services。It is a crime to operate money services without a license in Hong Kong。Licensees must obtain a license from the Hong Kong Customs and Excise Department before operating money services。
The license is generally valid for two years，Therefore, you must apply for renewal before the license expires.，to continue operating its money services。Money Services Currency Exchange Services(moneychangingservice)Refers to currency exchange services carried out as a business in Hong Kong，However, it does not include such services incidental to the main business。
Remittance service(remittanceservice)Refers to a business conducted in Hong Kong、Providing services for one or more of the following transactions—(a)Send money or arrange for money to be sent outside Hong Kong；(b)Receiving or arranging to receive money from a place outside Hong Kong；(c)Arrange to receive money outside Hong Kong。
The following documents must be submitted when applying for a license：Applicant's application form，Application form of the applicant’s corporate partners/directors/ultimate owners (if applicable) and their relevant supporting documents，and its relevant supporting documents for each business premises operating money services)Stamped lease or title record and ii)Floor plan of the premises. Hong Kong Customs will issue a confirmation notice to the applicant after receiving the license application.。
After reviewing the documents and asking questions，Hong Kong Customs will meet with the applicant，to check the original document、Payment record，The applicant will formally sign the license application form after the meeting.。If the application is approved，Hong Kong Customs will officially issue money service operator license，The license will clearly specify the licensing conditions imposed or modified by the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and the validity period of the license for each premises address where the licensee can operate money services.。
The license holder's name and premises address will also be included in the Hong Kong Customs and Excise Department's register of licensees。
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