The suspected fraud case of the cryptocurrency platform JPEX has caused a sensation in Hong Kong. Just as the police investigation is in full swing, the Hong Kong Securities and Futures Commission announced on October 4 that it has established a dedicated working group with the police to strengthen cooperation between the two parties and jointly monitor and investigate. Illegal activities related to virtual asset trading platforms.
The SFC stated that the working group was established after a high-level meeting between the two parties on September 28. It consists of the Commercial Crime Investigation Bureau, Cybersecurity and Technology Crime Investigation Bureau, Financial Intelligence and Investigation Bureau of the Police, as well as the SFC’s Law Enforcement Department and intermediaries. Composed of representatives from the Institutional Department.
The statement pointed out that the purpose of establishing the task force is to:
Facilitate the sharing of information related to suspicious activities and irregularities on virtual asset trading platforms;
Implement a risk assessment mechanism for suspicious virtual asset trading platforms;
Strengthen coordination and cooperation in relevant investigations.
Assistant Commissioner of Police (Crime) Chung Wing-man said: "The implementation of this new cooperation platform between the Police and the Securities and Futures Commission will help speed up the exchange of important intelligence and joint collaboration between the two parties to cope with the challenges posed by virtual asset trading platforms. , to protect the general public of Hong Kong.”
Christopher Wilson, Executive Director of the Regulation Enforcement Department of the Securities and Futures Commission, said: "We have always valued our cooperative relationship with the Police and look forward to closer collaboration between the two parties to use their respective professional knowledge and resources to combat problematic virtual Asset trading platform and protect the interests of investors.”
This article cooperates to investigate illegal activities on cryptocurrency platforms! The Hong Kong Securities Regulatory Commission and the police set up a task force first appeared on Blockchain.
