Online Functions for Money Service Operators (MSOs)
Online Licensee Register
- 22/03/2022The Money Service Operator (MSO) iPass system - a quick online self-assessment tool on applicants' eligibility and readiness for an MSO licence has been launched on 28 February 2022. Any person who wishes to engage in money service business (i.e. money changing or remittance service) can access iPass on C&ED's website: https://www.customs.gov.hk/en/trade_controls/msos/mso/ipass/index.html.
02/03/2022The Money Service Operator (MSO) iPass system - a quick online self-assessment tool on applicants' eligibility and readiness for an MSO licence has been launched on 28 February 2022. Any person who wishes to engage in money service business (i.e. money changing or remittance service) can access iPass on C&ED's website: https://www.customs.gov.hk/en/trade_facilitation/mso/ipass/index.html
29/12/2021A circular was published on 22/12/2021 to remind all MSOs to conduct Institutional Risk Assessment on Proliferation Financing as soon as practicable.
03/12/2021A circular on the arrangement of Competence Assessment for MSOs Applying for Licence Renewal was published. MSOs are advised to read the circular to get prepared for the Assessment.
17/09/2021On 19 August 2021, the Commerce and Economic Development Bureau has organized a Webinar on “Proliferation Financing Risk Assessment and Mitigation”. The bilingual presentation slides of the Webinar have been uploaded to “Publications” of this System for access by MSOs.
06/09/2021The Customs and Excise Department (C&ED) has promulgated a revised Licensing Guide. The summary of major changes can be found from the Circular issued on 26/08/2021 at C&ED website at https://eservices.customs.gov.hk/MSOS/downloadFile?id=310307
24/06/2021To strengthen IT security, this system will require all users to reset their password on 28-Jun-2021 (Mon) at noon while users are signing in.
02/06/2021The Money Service Supervision Bureau of the Customs and Excise Department will hold the seminar for Money Service Operators on 7 and 9 July 2021. The details of the seminar and enrolment can be found on the C&ED website at https://eservices.customs.gov.hk/MSOS/common/notices?request_locale=en
13/05/2021To tie in with the implementation of the Competence Assessment for money service operators, the Customs and Excise Department compiled a set of sample questions for reference by the licence applicants and licensees. The sample questions can be found on the C&ED Website at https://eservices.customs.gov.hk/MSOS/common/notices?request_locale=en
30/04/202130 April 2021 The Webinar co-organized by Customs and Excise Department and InvestHK concluded on 28 April 2021. The presentation slides of the Webinar are now available on the C&ED’s website at https://eservices.customs.gov.hk/MSOS/common/notices?request_locale=en
01/04/2021The Customs and Excise Department (“C&ED”) is conducting a thematic review of the delivery channels used by Money Service Operators (“MSOs”) in processing the money service transaction with a focus on the use of bank account in the sector. The questionnaire in this regard has been sent to MSOs by email, and it is also available on the C&ED website at https://eservices.customs.gov.hk/MSOS/common/otherInfo?request_locale=en . Upon receipt of the questionnaire, please complete and return it to the C&ED within 21 days.
31/03/2021The Customs and Excise Department and the Invest Hong Kong will jointly organize a webinar on the highlights and latest development of Money Service operator (MSO) licensing regime. The Webinar will be held on 28 April 2021, and the details of the Webinar have been sent to MSOs by email. For more information, please call the Money Service Supervision Bureau at (852) 2707 7820 or by fax (852) 2707 7838.
04/03/2021The Customs and Excise Department ("C&ED") will commence the implementation of Competence Assessment ("Assessment") for Money Service Operators within this year. For the implementation schedule and the details of the Assessment, please refer to the corresponding circular, Guidance Notes and updated Licensing Guide published by the C&ED on 4 March 2021 available at the C&ED’s website.
31/12/2019The Customs & Excise Department (“C&ED”) published the Frequently Asked Questions applicable to all Money Service Operators (“FAQ”) in relation to anti-money laundering and counter-financing of terrorism on 31 December 2019. This new FAQ supersedes the previous version published on 28 March 2019 and it can be found on the C&ED’s website. https://eservices.customs.gov.hk/MSOS/common/faqs?request_locale=en
25/10/2019The Customs and Excise Department (C&ED) will revoke/suspend the Money Service Operator (MSO) licence of non-compliant MSOs and update the register of MSO licensees in a timely manner. Members of the public are advised to instantly inspect the online register of licensees on C&ED website before patronising MSOs.
28/03/2019The Customs & Excise Department ("C&ED") published the Frequently Asked Questions applicable to all Money Service Operators ("FAQ") in relation to anti-money laundering and counter-financing of terrorism on 28 March 2019. The FAQ supersedes the FAQ applicable to all Financial Institutions published in March 2012 and it can be found on the C&ED’s website. https://eservices.customs.gov.hk/MSOS/common/faqs?request_locale=en
05/11/2018The revised Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (“the Guideline”) has been published in the Gazette on 19 October 2018 and it comes into operation on 1 November 2018. The Gazette notice can be found on the Government’s website and the Guideline can be downloaded at the Customs & Excise Department’s website. Money Service Operators should review their existing policies and procedures in light of the changes in the Guideline and take any necessary steps to ensure continued compliance with all applicable requirements of the Guideline.
01/03/2018The Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”), Cap. 615 Laws of Hong Kong, came into operation on 1 March 2018. Consequently, the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators) has been amended and uploaded onto this website. Under the newly-added provision of Section 39A in the AMLO, a money service operator (“MSO”) must display the original of its MSO licence in a conspicuous place at the premises specified in the licence. To dovetail with the amendment Ordinance, the Customs and Excise Department shall issue revised licences to all the MSOs’ licensed companies and their branch(es). Individual licensee will be notified by letter about the detailed arrangement of replacement and collection of the MSO licence(s) at office of the Money Service Supervision Bureau of this department.
29/05/2017On 5 June 2017, the Money Service Supervision Bureau (MSSB) of Customs and Excise Department will be moved to Units 1218 – 1222, 12/F, Nan Fung Commercial Centre, 19 Lam Lok Street, Kowloon Bay, Kowloon. For enquiry, please call the MSSB at (852) 2707 7837 or by fax (852) 2707 7838.
01/03/2017With effect from 21 March 2017, computers with operating system version Windows XP will no longer be supported for accessing the Money Service Operators Licensing System.
26/08/2015On 28 August 2015, the Customs and Excise Department will introduce a mobile version of the Online Register of Licensees which enables the public to check information of the Money Service Operator Licensees through their mobile devices.
30/09/2012On 30 September 2012, the Money Service Operators Licensing System commences to provide comprehensive electronic services. The features include user-friendly online applications for the grant/renewal of money service operator licence, addition of directors/ultimate owners/partners or new business premises, submission of periodic returns; online enquiry of application result/progress and inspection of the register of licensees.
10/09/2012The CCE has authorized officers in this department to process MSO licence applications, conduct compliance inspection and investigation on the MSOs in connection with requirements under the AMLO.
01/04/2012The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 (AMLO) came into operation on 1 April 2012. Under the AMLO, a person who wishes to operate a remittance and / or money changing service (i.e. money service as defined under the AMLO) is required to apply for a licence from the Commissioner of Customs & Excise (CCE). Operating a money service without obtaining a money service operator licence from the CCE is an offence and liable to conviction of a fine of $100,000 and imprisonment for six months. Under the AMLO, the CCE is the relevant authority to regulate Money Service Operators (MSOs) (i.e. Remittance Agents and Money Changers) and supervise licensed MSOs' compliance with the customer due diligence and record-keeping obligations and other licensing requirements, as well as combating unlicensed operation of money service.