Will the latest number of money service operator licenses (MSO) in Hong Kong surprise many people? Licensed customers should also be very cautious when facing the upcoming renewal. The current situation is very strict, and they should not assume that they can handle it casually based on past experience. Many clients who have consulted and applied for MSO licenses in the past believed that we were overly cautious, and our insistence on prerequisite conditions and compliance made them feel that we were not as understanding as other intermediaries. However, looking back at the number of MSO licenses issued and the number of kills in the past two years, it can be seen that regulatory agencies have increasingly high compliance requirements for licenses. Many clients who applied for and renewed licenses have ultimately suffered losses due to not meeting the requirements.