Application for Money Service Operator’s Licence

Application for Money Service Operator’s Licence

An individual, a Partnership or a Company carrying on business as a money service operator to provide money changing service or a remittance service in Hong Kong must obtain a money service operator licence from the Customs and Excise Department (C&ED).

We assist our clients on application for money service operator licence, renewal of license, assistant to seek prior approval from the Commissioner of Customs and Excise (CCE) before restructuring of a company / partnership.

Our team help client to prepare the application and statement forms, arrange for signatures and then submit the forms together with the application fees to the C&ED. A money service operator licence valid for 24 months will be granted by the licensing court, if it thinks fit.

We help the licensed money service operator seek to prior approval from the Commissioner of Customs and Excise (CCE) before restructuring of a company / Partnership:-

(a) Change in Business / Company Name

(b) Change in the Nature of Money Service Business

(c) Change in Principal (Correspondence) Address

(d) Change in Contact Information

(e) Change in Business Premises Information

(f) Change in Telephone or Fax No. of Business Premises

(g) Change in Information of other Business Being run in the Business Premises

(h) Change in Occupants of Domestic Business Premises

(i) Change in particulars of Sole Proprietor / Partners / Directors / Ultimate Owners

(j) Change in Partners / Directors / Ultimate Owners

(k) Change in “Fit and Proper” status of Proprietor / Partner / Director / Ultimate Owner

(l) Change in bank account used for operating money service business

(m) Change in local management office

(n) Change in local place for storage of books and records

(o) Change in CO or Money Laundering Reporting Officer (MLRO)

(p) Change in particulars of Business Plan and AML Policy