Customs works with University of Hong Kong to develop crypto transaction tracer

Customs works with University of Hong Kong to develop crypto transaction tracer

Seven suspected money laundering cases using virtual assets have been recorded in recent years involving HK$9 billion, department says.

Hong Kong Customs Develops New Tool To Tackle Crypto Money Laundering » News.ng

Hong Kong Customs is partnering with a local university to develop a new technological tool aimed at identifying and tracking crypto transactions linked to money laundering, in a move that underscores growing concerns over virtual asset misuse in the financial system. According to the South China Morning Post, seven out of 39 money laundering cases registered in Hong Kong between 2021 and May 2025 involved virtual assets, amounting to more than …

Hong Kong Builds Crypto Tracker To Catch Laundered Money - Data Intelligence

Enjoyed this article? Share it with your friends! Hong Kong is stepping up efforts to fight money laundering involving cryptocurrencies. The city’s Customs and Excise Department has partnered with the University of Hong Kong to develop a tool that tracks suspicious cryptocurrency transactions. According to a June 12 report by the South China Morning Post, the goal is to help officials identify and investigate digital money trails that may be u…

Hong Kong teams up with university to tackle crypto laundering with tech - Coin Surges

Hong Kong is stepping up its fight against crypto-related money laundering by working with the University of Hong Kong (HKU) on technology-driven solutions, including improved tracking of virtual asset flows. The new effort was revealed in a government statement on June 12, following a four-day workshop focused on enhancing anti-money laundering (AML) strategies. Collaborative effort Under the project, engineers and researchers from HKU will col…

Hong Kong developing tool to track crypto-based money laundering: report

Hong Kong Customs is partnering with the University of Hong Kong to develop a new tool for tracing cryptocurrency transactions, aiming to combat rising virtual asset-related money laundering activity. The partnership comes as authorities reveal seven suspected cases totaling more…