Man convicted of operating money service online without licence

     A man was sentenced to community service of 160 hours today (September 14) at Kowloon City Magistrates' Courts after being convicted of operating a money service without a valid licence.
     Customs officers in November last year conducted an investigation against a man who was suspected of operating a remittance business without a licence via a social media platform. After an in-depth investigation, Customs officers discovered that the man used the personal particulars of his mother to create a bank account to operate the remittance business.
     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 14, 2022
Issued at HKT 14:39