In last blog post, we discussed about the mandatory requirement of Know Your Customer (KYC), which all trust and company secretary service providers are required to follow. In this article, we will talk about TCSP License.
When was the licensing requirement launched?
To allow government regulates and monitors these providers, with effective from the 1st March, 2018, any services provider wishes to engage to relevant business, the company is required to apply for a TCSP license and comply with the relevant requirements of the AMLO [Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap.615]
This is the license of CatcherBiz, granted on 8 May, 2018:-