Securities and Futures Commission (SFC) of Hong Kong: Virtual Asset Licensees to Transition to New Suspicious Transaction Reporting Platform by February 2

Hong Kong’s Securities and Futures Commission (SFC) announced on January 26 that licensed corporations, SFC-licensed virtual asset service providers, and related entities—collectively referred to as “licensed entities”—must transition to the new Suspicious Transaction Reporting and Management System (STREAMS 2) by February 2, 2026. Developed by the Joint Financial Intelligence Unit, this platform will replace the current system to boost automation and analytical features, strengthening both the analysis of suspicious transaction reports and the efficiency of distributing financial intelligence. Starting February 2, 2026, STREAMS 2 will be the only channel for filing suspicious transaction reports. Licensed entities may submit reports via XML format, designated PDF format, or online forms.