Summary

Top Highlights

• Hong Kong Police, SFC Launch Task Force to Monitor Crypto Exchanges Hong Kong's police force and leading securities regulator are integrating their efforts to monitor illegal exchange activities after the JPEX incident.
• Hong Kong's police force and the special administrative region's leading securities regulator, the Securities and Futures Commission (SFC) have established a joint task force to monitor suspicious activity on crypto exchanges.
• A statement published by the SFC yesterday says the task force was established after a high-level meeting between the two authorities on September 28. Its main purpose is to enhance their collaboration in monitoring suspicious and illegal activities on Virtual Asset Trading Platforms (VATPs), or crypto exchanges.
• The task force includes members of the police force's Commercial Crime, Cyber Security Financial Intelligence, and Investigations divisions, together with representatives from the SFC’s Enforcement and Intermediaries divisions.
• The stated aim of the working group is to share information on suspicious and illegal exchange activities, develop a mechanism to assess the risk of suspicious exchanges and collaborate and integrate their agencies' activities in related investigations

Domain