The Hong Kong Customs developed a Crypto Assets tracking tool to combat Money Laundering crimes.

GateNews

2025-06-12 14:09:44

Gate News bot message, Hong Kong Customs collaborates with the University of Hong Kong to jointly develop a Crypto Assets tracking tool, targeting the rise in Money Laundering cases related to digital assets.

Customs Assistant Commissioner Mario Wong Ho-yin disclosed that from 2021 to May 2025, a total of 39 significant Money Laundering cases were recorded, of which 7 cases involved Crypto Assets. One case involved a transaction amount of 1.8 billion HKD (approximately 229 million USD), and 3 individuals have been arrested.

Mario Wong Ho-yin pointed out that cross-border crime is complex, and law enforcement agencies are collaborating with academia.

Source: Cointelegraph

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