Grocery store owner and shopkeeper convicted of operating money service without licence

21 Dec 2022

A female owner and a female shopkeeper of a grocery store were convicted of operating a money service without a valid licence at Fanling Magistrates' Courts. They were fined $8,000 and $5,000 respectively.

Customs officers conducted an investigation in June of last year and discovered that the female store owner and the female shopkeeper had been operating a remittance business at a grocery store in Yuen Long after the expiry of its Money Service Operator licence. They were suspected of operating a money service without a licence. The female store owner was fined $8,000 in June this year while the female shopkeeper was fined $5,000 today (December 21) after they were convicted at Fanling Magistrates' Courts.

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, December 21, 2022
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