TechFlow, June 12 — According to Cointelegraph, Hong Kong Customs has partnered with the University of Hong Kong to jointly develop a cryptocurrency transaction tracking tool to address the growing number of digital asset money laundering cases. Assistant Commissioner of Customs Wong Ho-yin stated that the initiative aims to combat cross-border financial crimes. Between 2021 and May 2025, Hong Kong recorded 39 major money laundering cases, seven of which involved cryptocurrencies, including one suspicious transaction amounting to HK$1.8 billion (approximately $229 million).
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