Money changer and its director and shopkeeper convicted of operating money service without licence

23 Aug 2022

A money changer as well as its male director and a male shopkeeper were convicted of operating a money service without a valid licence one after another at Eastern Magistrates' Courts. The money changer and the male director were each fined $8,000 earlier while the male shopkeeper was fined $9,600 today (August 23).

Customs officers in January last year conducted an investigation and discovered that a money changer and its male director plus a male shopkeeper had been operating money changing business at a money changer in North Point after its renewal application of a Money Service Operator licence was refused. Therefore, the money changer and the duo were 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/Tuesday, August 23, 2022

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