Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 95

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 95
---
, we have appointed Mr. But as
our anti-money laundering compliance officer. His duties include (i) developing, implementing and updating appropriate anti-money laundering
policies and procedures; (ii) providing ongoing training to relevant employees of our Group; (iii) preparing, reviewing and filing suspicious
transaction reports; and (iv) monitoring the day-to-day operations and implementation of our anti-money laundering policy.

We have also implemented
our “ Know Your Customers” policies for conducting customer due diligence. Some of the measures include (i) verifying the true
identity of all customers and legal and beneficial ownership of the customer; and (ii) screening for politically exposed person by undertaking
a search at the database available in the market. During the due diligence process, if a customer is found to be suspicious, it should
be reported to the anti-money laundering compliance officer. Due to the nature of our business, transaction monitoring and customer due
diligence shall be conducted on an ongoing basis.

Furthermore, it is expected
that the source of funds are from our customer themselves. In case the funds are received from a third party, we would identify and verify
the identity of the third party where necessary and consider the rationale for the payment by such third party.

Apart from the above, we
also provide trainings to our employees and senior officers and encourage reporting of violations so as to reduce the risks of money laundering
among our Group.

APPROVALS, LICENCES AND PERMITS

During the years ended June
30, 2025, 2024 and 2023, we had obtained all requisite licenses, permits and approvals for our business operation.

We had obtained all requisite
licenses, permits and approvals for our business operations in Hong Kong including the business registration certificates and the employment
agency license, and we are not required to obtain any industry-specific license, permit and approval for our provision of payroll outsourcing
services in Hong Kong, and based on management belief, we are not required to obtain any industry-specific license, permit and approval
for our provision of payroll outsourcing services in Taiwan and Macau and our provision of employment services in Taiwan during the years
ended June 30, 2025, 2024 and 2023. As of the date of this report, we had obtained the following current licenses which are relevant to
our business operation in Hong Kong:

  Group member                  License/ permit/ approval              Issuing authority              Commencement date      Expiry date        
  Galaxy Payroll (HK