We, ATW Advisory are expertise in providing professional services to clients in relation to apply financial services license and compliance with the AMLO requirements. We have assisted numerous companies across Hong Kong, Singapore, India and United Kingdon to apply and obtain the merchant acquirer,e-money, stored value payments, MSO and MTO licenses. Presently We are serving as in-house Compliance officer and Money Laundering Reporting Officers to large clientage.
We assist, guide payments and remittances business services applicants which from setting up an appropriate company, applying for a 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 licence application
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 response services
Provide risk management and other training according to statutory requirements.
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.
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.
Atw dedicated to offer professional and comprehensive Compliance services for licensing applications