System Feature

HKMSOS is already serving many money changers in Hong Kong.  It allows you to comply with the relevant regulations with ease:

AntiMoney Laundering and CounterTerrorist Financing (Financial Institutions) Ordinance, Chapter 615 has become effective from 1 April 2012.

HKMSOS is 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.

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.

Wappsoft's HKMSOS provides effective AML solutions - Complying the various requirements of Ch. 615 with effective cost control.

Wappsoft's 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.

Wappsoft's 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.

Wappsoft's HKMSOS could be tailor-made to the unique condition of your company, regardless of the size or operation mode.