The Yaou Legal Team successfully assisted a Hong Kong bureau de change client in unfreezing its mainland bank account

In July 2024, a batch of clients of a bureau de change in Hong Kong had their mainland RMB accounts frozen by the mainland public security authorities, involving police jurisdictions in Shenzhen, Hunan, Jiangsu, Yunnan, and Beijing. The Yaou Legal Team lawyers were entrusted by the bureau de change to unfreeze the RMB accounts in the mainland.

The certain bureau de change is a legal entity operating foreign exchange business within Hong Kong and had obtained a "Money Service Operator (MSO)" license issued by the Hong Kong Customs. It handled RMB-HKD exchange business for clients in Hong Kong and the mainland. However, the RMB account of exchanging HKD to RMB was frozen by mainland public security authorities for various reasons.

The Yaou Legal Team lawyers acted as legal representatives for the party receiving RMB and analyzed the legal relationships involved, clarified the transaction trajectory, liaised with the mainland public security authorities in charge, explained the case and submitted evidence materials, if necessary, through means such as inspection and supervision, successfully assisting the bureau de change client in unfreezing its mainland bank account.