InvestHK | C&ED Webinar

Join the webinar co-organised by InvestHK and Customs and Excise Department (C&ED) to learn more about Money Service Operators (MSO) Licensing Regime in Hong Kong.

Wednesday, 28 April 2021, 10am – 11am HKT

Topics

• Key licensing requirements (such as fit & proper person criteria, suitability of particular premises, local management office, Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) policy)
• Key AML/CFT compliance obligations (such as Customer Due Diligence (CDD), record-keeping, Institutional Risk Assessment, ongoing monitoring, suspicious transaction reporting)
• Points to note for new/renewal applications (such as major pain points/common issues)
• New licensing measure (i.e. Competence Assessment for MSOs)

Agenda

10am – 10.05am
Welcome Message by InvestHK and Brief Introduction by C&ED

10.05am – 10:45am
Sharing of Latest Development and Compliance Obligations by C&ED

10.45am – 11am
Q&A

About the Speakers

Mr Ka Kui HO, Senior Trade Controls Officer, C&ED
Mr Ho currently works in the Licensing Control Division (LCD) of the Money Service Supervision Bureau of the C&ED, which is the relevant authority that administers the regulatory regime of the MSO in Hong Kong. Mr Ho is the unit head of the LCD, leading the team to process and evaluate the application for MSO licence from the perspective of the statutory licensing requirements and the AML/CFT to ensure that the compliance level of the MSO sector meets the international AML/CFT standards.

Mr Man Kin KUNG, Senior Trade Controls Officer, C&ED
Mr Kung currently works in the Risk Assessment and Support Division (RAD) of the Money Service Supervision Bureau of the C&ED, which is the relevant authority that administers the regulatory regime of the MSO in Hong Kong. Mr Kung is the unit head of the RAD, leading the team to conduct the ongoing sectoral risk assessment to identify the existing and potential money laundering and terrorist financing risks in the MSO sector for duly devising and implementing the appropriate control measures and policies to effectively mitigate the risks in this regard.

Enquiries
Should you have any enquiries, please contact us at fintech@investhk.gov.hk

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