Hong Kong Customs and HKU develop cryptocurrency tracking tool

Hong Kong Customs and the University of Hong Kong have reached a cooperation agreement to jointly develop a cryptocurrency transaction tracking tool to address the growing number of digital asset money laundering cases. Assistant Commissioner of Customs (Intelligence and Investigation) Wong Ho-yin stated that this move aims to combat cross-border financial crimes.

According to reports, between 2021 and May 2025, Hong Kong recorded 39 major money laundering cases, with 7 involving cryptocurrencies, including one suspicious transaction involving HK$1.8 billion (approximately US$229 million).