TechFlow News: On January 26, according to a circular issued by the Securities and Futures Commission (SFC) of Hong Kong, the SFC has instructed licensed corporations, licensed virtual asset service providers, and associated entities to transition to the Joint Financial Intelligence Unit’s (JFIU) new Suspicious Transaction Report (STR) platform—“Suspicious Transaction Report and Electronic Management System 2” (STREAMS 2)—by February 2, 2026.
Starting February 2, 2026, STREAMS 2 will become the sole channel for submitting suspicious transaction reports. Licensed institutions may submit reports in XML format, specified PDF format, or via online forms. The SFC stated that the JFIU will cease accepting reports through the existing system at 12:00 a.m. on January 28 and resume services via the new platform at 9:00 a.m. on February 2.
The new platform aims to enhance system automation and analytical capabilities, thereby improving the efficiency and effectiveness of anti-money laundering (AML) and counter-terrorist financing (CTF) efforts. Licensed institutions are urged to register STREAMS 2 user accounts as soon as possible to ensure compliance with regulatory requirements.
