Grocery store owner convicted of operating money service without licence

     A female owner of a grocery store was fined $12,000 today (September 7) at Eastern Magistrates' Courts after being convicted of operating a money service without a valid licence.
     Customs officers in August last year conducted an investigation and discovered that the female owner had been operating a remittance business at a grocery store in Kennedy Town after expiry of the Money Service Operator licence. She was suspected of operating a money service without a licence.
     Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, a person who wishes to operate a remittance or money changing service needs to first obtain a licence from the Customs and Excise Department. The maximum penalty for such operators without a valid licence upon conviction is a fine of $100,000 and imprisonment for six months.
     Customs reminds consumers to procure services from licensed money service operators. A register of licensees is accessible from the website of Customs' Money Service Operators Licensing System at
     Members of the public may report any suspected unlicensed money service operation to Customs' 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (

Ends/Wednesday, September 7, 2022
Issued at HKT 14:15