The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a joint working group to tackle illicit crypto exchange activities. This comes after 11 people were detained for questioning in connection to the Dubai-based JPEX exchange, which the SFC has accused of operating without a license.The working group will share information on suspicious activities, assess risks of suspicious exchanges, and collaborate on investigations. The group is composed of officials from the SFC’s enforcement division and HKPF officials from its commercial, cybersecurity and financial intelligence and investigations bureaus.Christopher Wilson, SFC enforcement director, said the regulator is looking forward to deploying its resources to combat “problematic VATPs and protect the interest of investors.” Eve Chung, HKPF’s Assistant Commissioner of Police (Crime), said the working group is instrumental in exchanging intelligence and jointly responding to “challenges arising from VATPs, to better protect the general public of Hong Kong.”The SFC has since published a list of all licensed, deemed licensed, closing down, and application-pending exchange’s along with a list of “suspicious VATPs.”

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries	🇭🇰
Sentiment	neutral
Relevance Score	9
People	Eve Chung, Christopher Wilson
Companies	Securities and Futures Commission, JPEX exchange, Hong Kong Police Force, Virtual Asset Trading Platforms, Hong Kong Stock Exchange.
Currencies	None
Securities	None