Compliance Officer - MSO Licence Application

Fuku; Hong Kong; On-site; HKD 700,000 - 1,100,000; Full time

Job summary

Fuku in Hong Kong seeks an experienced Compliance Officer to lead the MSO licence application, oversee regulatory liaison, and build the AML/CTF framework for money service operations.

The role requires hands-on MSO licensing experience, strong AML/CTF knowledge, and the ability to work with regulators and internal stakeholders. Fluency in English and Chinese is preferred.

You will develop policies, supervise risk assessments, and ensure ongoing compliance after licence approval.

Qualifications

• Bachelor's degree in Law, Finance, Accounting, Business Administration or related discipline.
• Minimum 5 years of regulatory compliance experience, preferably within money service operators, remittance, payment services, banking or financial services.
• Prior hands-on experience in successfully managing or materially contributing to a Hong Kong MSO Licence application is strongly preferred.
• Strong understanding of the Hong Kong MSO licensing regime, AML/CTF regulations and regulatory expectations.
• Experience in preparing regulatory submissions, compliance manuals, business plans and AML/CTF policies.
• Proven ability to communicate directly with regulatory authorities and manage licensing-related enquiries.
• Strong project management skills, attention to detail and the ability to work independently.
• Excellent communication skills in English and Chinese (Mandarin and/or Cantonese).

Responsibilities

• Lead end-to-end HK MSO licence application and regulatory liaison.
• Prepare and submit licensing docs, business plans, and AML/CTF policies.
• Coordinate with authorities and internal/external teams to ensure timely submissions.
• Develop and implement AML/CTF framework including KYC/CDD/EDD and monitoring.
• Support operational readiness for MSO licence and ongoing compliance.
• Monitor regulatory developments and update policies accordingly.

Skills

AML/CTF knowledge

Regulatory compliance

Licensing experience

Stakeholder management

English & Chinese communications

Education

Bachelor's degree in Law/Finance/Business

Job description

Position Overview

We are seeking an experienced Compliance Officer to lead and manage the application for a Money Service Operator (MSO) Licence in Hong Kong.

The successful candidate will be responsible for overseeing the end-to-end licensing process, ensuring compliance with applicable Hong Kong regulatory requirements, and establishing the necessary compliance framework to support the company's money service operations.

This role requires hands‑on experience in MSO licensing, strong knowledge of Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) requirements, and the ability to work independently with regulatory authorities and internal stakeholders.

Key Responsibilities

1. MSO Licence Application & Regulatory Liaison
   • Lead the end-to-end application process for the Hong Kong MSO Licence, from initial preparation through to regulatory approval.
   • Prepare, review and submit licensing applications, business plans, compliance policies and supporting documentation.
   • Act as the primary point of contact with the Hong Kong Customs and Excise Department (C&ED) throughout the licensing process.
   • Coordinate regulatory enquiries, interviews, inspections and requests for additional information.
   • Work closely with internal stakeholders, external legal counsel and compliance consultants to ensure timely and accurate submissions.
2. Compliance Framework & AML/CTF
   • Develop and implement the company's AML/CTF compliance framework in accordance with Hong Kong regulatory requirements.
   • Establish policies and procedures covering Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), transaction monitoring and suspicious transaction reporting.
   • Conduct compliance risk assessments and establish appropriate internal controls for money service operations.
   • Ensure the company's compliance framework meets the requirements of the Anti-Money Laundering and Counter‑Terrorist Financing Ordinance (AMLO), Cap. 615.
3. Business Readiness & Ongoing Compliance
   • Collaborate with business, operations and technology teams to ensure operational readiness for the MSO licence application.
   • Support the establishment of compliant remittance and/or money‑changing operations.
   • Identify regulatory risks and provide practical compliance advice to management.
   • Maintain regulatory documentation and support ongoing compliance obligations following licence approval.
   • Monitor regulatory developments and recommend necessary updates to internal policies and procedures.

Requirements

• Bachelor's degree in Law, Finance, Accounting, Business Administration or a related discipline.
• Minimum 5 years of relevant experience in regulatory compliance, preferably within money service operators, remittance, payment services, banking or financial services.
• Prior hands‑on experience in successfully managing or materially contributing to a Hong Kong MSO Licence application is strongly preferred.
• Strong understanding of the Hong Kong MSO licensing regime, AML/CTF regulations and regulatory expectations.
• Experience in preparing regulatory submissions, compliance manuals, business plans and AML/CTF policies.
• Proven ability to communicate directly with regulatory authorities and manage licensing-related enquiries.
• Strong project management skills, attention to detail and the ability to work independently.
• Excellent communication skills in English and Chinese (Mandarin and/or Cantonese).

Preferred Qualifications

• Experience obtaining an MSO Licence for a newly established business in Hong Kong.
• Previous experience working with the Hong Kong Customs and Excise Department on MSO licensing matters.
• Experience in cross-border payments, remittance, foreign exchange or FinTech.