Hong Kong Customs Teams with HKU to Trace Crypto Transactions
0Crypto crime
Crypto security
Hong Kong
Hong Kong expands crypto enforcement capacity through academic collaboration, complementing its digital currency pilots with forensic infrastructure.
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Hongji Feng
Author
Hongji Feng
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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
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Hong Kong Customs partnered with the University of Hong Kong to create a forensic tool designed to trace virtual asset transactions, according to a June 12 report from the South China Morning Post.
Assistant Commissioner Mario Wong Ho-yin said the department had handled seven cryptocurrency-related money laundering cases between 2021 and May 2025, involving over HK$9 billion.
Crypto Fraud Cases Prompt New Law Enforcement Collaboration.
Wong said these offenses crossed international borders and required collaboration among law enforcement agencies, academic institutions, and the financial sector.
“These money laundering threats are characterised by a transnational and borderless nature, and no single agency can tackle this problem alone,” Wong said during a media briefing.
In one case, HK$1.8 billion moved through more than 1,000 transactions involving five companies and 18 local bank accounts. Two suspects allegedly moved HK$760 million using a cryptocurrency...
https://cryptonews.com/news/hong-kong-customs-teams-with-hku-to-trace-crypto-transactions/
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