Our Services
Money Services Operator (MSO) Competency Assessment
Revision Package
Money Services Operator Competency Assessment Revision Package, written by Money Services Operator's experienced and professional compliance instructors, are available for sale. Revision materials will be delivered by courier, includes
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Four sets of 140 mock test questions
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Key important points from Study Guide
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Full Study guide for Competency Assessment
Please contact us at (852) 6996 3104 or email info@pcgasia.hk for details.
MSO License Application and
Renewal Consultation
With the recent issue of the updated Money Service Operators Licensing Guide by the Hong Kong Custom and Excise Department, they require MSO licensees to submit Business Plans and AML/CFT policies during both license application and renewal (on a bi-annual basis). In addition, the license will be granted to an applicant only if the individual and each ultimate owner is a fit and proper person to operate a money service.
PCG Asia has been serving as consultants for the existing licensees and assisting and facilitating them in both MSO application and renewal process, including
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Customizing the Business Plan which includes but is not limited to such components as a detailed business model, review and present organizational structure, MSO operating system, target customer, staffing, and projecting financial information of the company
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Preparing AML/CFT policies to mitigate the ML/TF risks to which the applicant is exposed and fulfilling the relevant statutory and regulatory requirements
Compliance Consultancy
PCG Asia provides ongoing and ad hoc compliance consulting services to assist our clients in fulfilling their compliance obligations. We focus on high-value and continuous compliance support and can provide customized compliance services tailored to your specific needs.
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Providing ongoing and ad hoc compliance advice and assistance
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Conducting annual mock regulatory review with findings and corresponding compliance recommendations
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Reviewing compliance policies and procedures to ensure that the company's businesses comply with the latest compliance requirements
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Handling regulator correspondences and inquiries
Licensing
PCG Asia handles Money Service Operator licensing application for newly incorporated and established companies by the Hong Kong Custom and Excise Department. Our licensing team has professional experience of obtaining MSO license efficiently throughout all stages of the application process, which covers:
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Providing guidance on licensing requirements
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Preparing and submitting licensing applications for corporations, including compliance manual and AML/CFT policy
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Assessing the experience and qualifications of Compliance Officer and other key employees
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Liaising with the regulators correspondences
Compliance Policies and Procedures
With financial crime more prevalent than ever, it is important for companies to develop a set of solid control and procedures to comply with the stricter regulation. PCG Asia specializes in customizing Anti-Money Laundering Policy and Compliance Manual based on prevailing industry standards and regulations designed to facilitate the prevention of illicit activity including money laundering and terrorist financing.
Compliance Training
Comprehensive and regular compliance training is critical to foster strong compliance culture in a company. Teams must have sufficient compliance knowledge and be able to keep up with ever-changing regulations to enhance business efficiency. In view of this, PCG Asia offers a variety of compliance training courses to meet the specific needs of clients. Topics covered such as:
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Compliance knowledge on latest regulatory knowledge and statutory requirements
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New employee training
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Licensing and regulatory notification requirements to regulators
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Anti-Money Laundering/ Counter-Financing of Terrorism
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Risk-based Approach
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Customer Due Diligence
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Ongoing Monitoring
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Record Keeping
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Suspicious Transaction Reporting
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Other training topics are also available upon request
