The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (“AMLO”) will come into operation on 1 April 2012. Under the AMLO, a person who wishes to operate a remittance and / or money changing service is required to apply for a licence from the Commissioner of Customs & Excise (“CCE”) who will be the authority to administer the licensing regime for Money Service Operators (“MSOs”) (i.e. Remittance Agents and Money Changers) and supervise licensed MSOs’ compliance with the customer due diligence and record-keeping obligations and other licensing requirements.
Detailed information at HK Customs: here