Hong Kong Customs and University Collaborate on Anti-Money Laundering Workshop

A collaborative workshop focusing on anti-money laundering capacity building, titled ‘Regional Anti-Money Laundering Capacity Building: New Challenges in the Traditional and Digital Era,’ was held from June 9 to 12 by Hong Kong Customs and the University of Hong Kong. This initiative follows the signing of a memorandum of understanding between both entities at a December forum aimed at combating money laundering and transnational organized crime. The workshop’s focus was on strengthening customs officials’ skills in addressing money laundering, particularly with regards to emerging trends and risks associated with virtual assets. In addition, Hong Kong Customs is collaborating with the University of Hong Kong to develop a digital tool designed for tracking cryptocurrency transactions suspected of being involved in money laundering schemes.