Hong Kong teams up with university to tackle crypto laundering with tech
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 collaborate with Hong Kong Customs to design tools capable of mapping and monitoring the movement of digital assets across blockchain networks.
The tool aims to help law enforcement identify suspicious patterns tied to money laundering and other illicit financial activities.
Assistant Commissioner Wong…
