Hong Kong SFC: Virtual asset licensed institutions must transition to the new suspicious transaction reporting platform by February 2
Foresight News reported that the Hong Kong Securities and Futures Commission (SFC) has issued an announcement stating that licensed corporations, SFC-licensed virtual asset service providers, and related entities (collectively referred to as "licensed institutions") must transition to the new Suspicious Transaction Report and Management System (STREAMS 2), developed by the Joint Financial Intelligence Unit, on or before February 2, 2026. This platform will replace the existing system to enhance automation and analytical capabilities, thereby improving the analysis of suspicious transaction reports and the efficiency of disseminating financial intelligence. Starting from February 2, 2026, STREAMS 2 will become the sole channel for submitting suspicious transaction reports. Licensed institutions may submit reports in XML format, designated PDF format, or via an online form.
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