Money service operator convicted of operating without licence

18 May 2022

A male shopkeeper was fined $10,000 today (May 18) at Tuen Mun Magistrates' Courts after being convicted of operating a money service without a valid licence.

In May last year, Customs officers found that a male shopkeeper had been operating a money changing business at a money exchange shop in Tin Shui Wai after expiry of the money service operator licence.

Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, a person who operates a remittance and/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, May 18, 2022

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