Remittance Agents and Money Changers (RAMCs) registered with Joint Financial Intelligence Unit (JFIU)

Section 82 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 (AMLO) provides a transitional provision with regard to RAMCs carrying on business before the implementation of the AMLO on 1 April 2012. An RAMC whose name was entered in the register maintained under section 24B(2) of the pre-amended Organized and Serious Crimes Ordinance, Chapter 455 immediately before the implementation of the AMLO was deemed to have been granted a licence for operating a money service-

• (a) until 30 May 2012, the expiry of the period of 60 days; or
• (b) if the RAMC has applied for a licence before the expiry of that period, until-
  • (i) the licence is granted;
  • (ii) the decision of the Commissioner of Customs & Excise (CCE) to refuse to grant a licence takes effect; or
  • (iii) the application is withdrawn,
    whichever is the earliest.

Remittance Agent or Money Changer (RAMC) Register maintained under section 24B(2) of the pre-amended Organized and Serious Crimes Ordinance

By publishing this register, the CCE does not guarantee the performance or creditworthiness of any registered RAMCs.