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Woman convicted of operating money service online without licence

23 June 2022

A woman was fined $8,000 today (June 23) at Kwun Tong Magistrates' Courts after being convicted of operating a money service without a valid licence.

In July last year, Customs officers initiated an investigation against a woman 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 woman used her personal bank account to operate the remittance business.

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/Thursday, June 23, 2022

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