Inno Professional Outsourced
MSO Compliance Services

Inno Professional Outsourced MSO Compliance Services

Our Service

We possess rich and professional experiences with serving Hong Kong money service operators. We provide high quality computerized management solutions with reasonable prices.

Our team comprises of experienced professional partners, including: Certified Anti-money Laundering Specialist (ACAMS), certified auditors, professional accountants, bank consultants, and computer system consultants. We also partner with Thomson Reuters to provide top quality anti-money laundering database. You can enjoy one-stop-shop services from setting up a company, applying for the MSO licence, to daily operations of your company.

Being the Hong Kong Money Service Operators Association's Compliance Advisor, we has over 16 years of experience in accounting, auditing, taxation, company secretarial, business consulting, etc., including more than 10 years of experience in professional accounting and consulting services for MSO industry. We are also the Compliance Officer and Money Laundering Reporting Officer of a number of licensed money changers, with extensive experience in writing compliance policies and procedures, and providing training.

We, Inno Consultants Services Limited are expertise in providing professional services to clients in relation to apply MSO license and compliance with the AMLO requirements. We have assisted more than 70 money changers in Hong Kong (local and foreigner applicant) to apply and obtain the MSO license. We are appointed as in-house Compliance officer and Money Laundering Reporting Officer for more than 20 money changers. In addition, over 50 money changers are currently using our money change system HKMSOS

We provide one-stop-shop MSO business operations services which from setting up an appropriate company, applying for a MSO license, preparing and submitting the statutory reports, to handling audit and investigation of the relevant authorities or banks etc.

  • Assist in applying for / renewing the Hong Kong Money Service Operator (“MSO”) licence
  • Assist the Compliance Officer and / or Money Laundering Reporting Officer to comply with the relevant regulations
  • Assist in handling the statutory reporting matters
  • Assist in monitoring customers and transactions
  • Provide customer and transaction data and record input services
  • Provide risk management and other training according to statutory requirements (including e-Learning with Thomson Reuters and onsite / classroom training)
  • Provide independent Compliance consultation and review
  • Provide independent Compliance Policy / System health check or audit

Laws and regulations
  • Anti‐Money Laundering and Counter‐Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 has become effective from 1 April 2012.
  • Ch. 615 is a target issue of the Hong Kong government. There were several recent court cases regarding money laundering, including a Mainlander being sentenced jail for 10 and 1/2 years in February 2013.
  • In order to avoid being prosecuted or even jailed, money changers should take the regulations seriously. Although such anti-money laundering and anti-terrorist financing activities would increase the financial burden to the company, it is worth doing so as compared to the serious consequences of non-compliance.
  • Inno is dedicated to provide professional and comprehensive Compliance services for MSOs. In addition, Inno and Wappsoft jointly developed a computer system specially designed to meet the various requirements under Ch. 615. Our team comprises of certified auditors, professional accountants, bank consultants, and computer system consultants. We provide professional and reliable service to money changers to handle the growingly tough regulations, e.g., FATF 40 Recommendations.
  • HKMSOS provides effective AML solutions - Complying the various requirements of Ch. 615 with effective cost control.
  • HKMSOS assists money changers to identify and record the customers' identities, handle transactions, and monitor customers' activities. Money changers using HKMSOS can significantly improve its management and control procedure with its real-time reporting function.
  • HKMSOS is a computerized application software solution designed to meet the requirements of Ch. 615. It provides automated AML solution by tracking possible money laundering or terrorist financing activities.
  • HKMSOS could be tailor-made to the unique condition of your company, regardless of the size or operation mode.