Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
39. Application to operate at particular premises
(1) A licensee who is not required under the licence to operate a money service at particular premises must not operate a money service at any particular premises unless the Commissioner has, on an application of the licensee, added the premises to the licence.
(2) An application under this section must be made in the form and manner specified by the Commissioner.
(3) The Commissioner may grant an application under this section on payment of the fee specified in Schedule 3 and may impose any condition that the Commissioner thinks fit.
(4) The Commissioner may grant an application under this section only if the Commissioner is satisfied that—
- (a) the premises in respect of which the application is made are suitable to be used for the operation of a money service; and
- (b) where the premises referred to in paragraph (a) are domestic premises, the licensee has secured the written consent of every occupant of the premises for any authorized person as defined by section 8 to enter the premises for the purpose of exercising the powers under section 9.
(5) If the Commissioner refuses to grant an application under this section, the Commissioner must inform the licensee by notice in writing.
(6) A notice under subsection (5) must include—
- (a) a statement of the reasons for the decision; and
- (b) a statement that the licensee may apply to the Review Tribunal for a review of the decision.
