Money-changing shop was seized by customs, male director arrested for collecting money without remittance


A money changer shop was suspected of violating the Anti-Money Laundering and Terrorist Fund Raising Ordinance and was temporarily suspended by the Hong Kong Customs and Excise Department for its money service operator license. The Customs also found that the male director of the money exchange shop was suspected of applying false product descriptions to the remittance service, and made false claims to customers, stating that the money would be remitted to the bank account designated by the customer, but the relevant services were not provided thereafter, in violation of the Explain the regulations. Customs arrested a 47-year-old man today. The case is still under investigation.

The Customs received a report a few months ago alleging that a money changer shop operating in Sham Shui Po and Changsha Bay had allegedly violated the Regulations. After in-depth investigation and search by customs officers, it was found that the money changer was suspected of violating the provisions of the Regulations and failed to take all reasonable measures to reduce the risk of money laundering and terrorist financing, so that its licensee was no longer engaged in money services. The right person.

Customs officials issued a written notice to the money changer today, temporarily revoking their money service operator license, with immediate effect. In addition, the customs also reminded the money changer to handle outstanding transactions and payments in an appropriate manner.

Source: Sing Tao Daily