The Hong Kong Securities and Futures Commission requires licensed virtual asset service providers to transition to the new suspicious transaction reporting platform by February 2.

DeepFlowTech

2026-01-26 08:13:18

Abstract generation in progress

Deep Tide TechFlow News, January 26 — According to a circular from the Hong Kong Securities and Futures Commission (SFC), the Hong Kong SFC requires licensed corporations, licensed virtual asset service providers, and related entities to transition to the new suspicious transaction reporting platform “Second Generation Suspicious Transaction Report and Management System” (STREAMS 2) of the Joint Financial Intelligence Unit by February 2, 2026.

Starting from February 2, 2026, STREAMS 2 will become the sole channel for submitting suspicious transaction reports. Licensed institutions can submit reports via XML format, designated PDF format, or online forms. The SFC stated that the Joint Financial Intelligence Unit will cease accepting reports through the current system at 12:00 AM on January 28 and will resume services via the new platform at 9:00 AM on February 2.

The new platform aims to enhance system automation and analytical capabilities, improving the efficiency and effectiveness of combating money laundering and terrorist financing. Licensed institutions should register for a STREAMS 2 user account as soon as possible to ensure compliant operations.

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