TechFlow News, March 19: Clarence Chung, Head of Global Legal and Compliance at HashKey, was invited to speak at the 2026 International Corporate Compliance Forum. The forum is guided by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products and organized by the Hainan Chamber of Commerce of China Council for the Promotion of International Trade. It brought together numerous enterprises—including Lenovo, Alibaba, TikTok (Douyin), Sina, and Xiaomi—as well as several prominent law firms. During a panel discussion, Clarence Chung delivered an in-depth analysis of the challenges digital assets pose to global anti-money laundering (AML) frameworks and shared HashKey’s practical compliance experience.
“As a licensed institution under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), HashKey adheres to exceptionally stringent AML standards,” said Clarence Chung. “During account opening, customers must verify the authenticity of their identity documents via eKYC tools and complete facial recognition verification. In day-to-day monitoring, to prevent funds from flowing to the dark web or being laundered through mixers, HashKey employs specialized systems to conduct real-time KYT (Know Your Transaction) and KYA (Know Your Address) tracking and analysis of on-chain fund movements. Additionally, HashKey implements the Travel Rule and maintains a whitelist mechanism for personal wallets. To further combat money laundering, HashKey participates in the ‘Virtual Asset Intelligence Task Force’ led by the Hong Kong Police Force and has established a 24-hour hotline to actively support police investigations and report suspicious transactions.”
This presentation not only demonstrated HashKey’s rigorous approach to AML regulation but also offered actionable recommendations to traditional enterprises and financial institutions present at the forum—helping them navigate complex international compliance environments and build robust risk management systems. Moving forward, HashKey remains committed to proactively embracing regulatory requirements and dedicated to building secure, transparent next-generation financial infrastructure for global investors within a compliant framework.
