Go to main content
Woman convicted of operating money service online without licence
     ​A woman was fined $8,000 today (May 10) at the West Kowloon Magistrates' Courts after being convicted of operating a money service without a valid licence.

     In April this year, Customs officers initiated an investigation against a woman suspected of operating a remittance business without a licence via a social media platform. After an in-depth investigation, Customs officers discovered that the woman used her personal bank account and electronic wallet 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 $1 million and imprisonment for two years. 

     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 eservices.customs.gov.hk/MSOS/wsrh/001s1?request_locale=en.

     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 (crimereport@customs.gov.hk).
Ends/Wednesday, May 10, 2023
Issued at HKT 17:10
Today's Press Releases