The Securities and Futures Commission (SFC), Hong Kong Police, and the City Financial Observer have announced the formation of a new task force, including police officials and SFC representatives, to monitor cryptocurrency activities in the context of the investigation into the JPEX crypto exchange.
Additionally, it was disclosed that the task force includes officials from the Commercial Crime Bureau, Cyber Security and Technology Crime Bureau, and the Financial Intelligence and Investigation Bureau of the Hong Kong Police. The SFC’s Enforcement Division and Intermediaries Division also confirmed their participation in this task force.
“The purpose of the task force is to serve as a critical tool for intelligence sharing and collaboration, essential for better protecting the public and responding swiftly to challenges arising from virtual asset trading platforms.”Assistant Police Commissioner Eve Chung
The events surrounding the JPEX exchange continue to make headlines. Hong Kong authorities had announced in late September that there were two more arrests related to the case, with these individuals being responsible for creating accounts in Macao casinos for the purpose of illegal money laundering.
The number of suspects in custody has now increased to 18, and the police also revealed that they seized cash and gold worth 8.7 million HKD (1.1 million dollars) in three residences during their recent operations. For more details on this news, you can read our article below.
Source: The Block