On July 25, the Financial Intelligence and Investigation Bureau organised a Money Laundering Expert Cadre (MLEC) refresher training to help the members keep abreast of the latest money laundering trends and the challenges posed by digital assets.

Experts in different professional domains such as academia, the blockchain analytics trade and the Department of Justice were invited to the training as speakers, covering updates on Hong Kong’s money laundering situation and latest developments of the Financial Action Task Force standards.

Following the training, the Officer-in-charge of MLEC Cheng Lai-ki convened the annual meeting. Members reviewed the Cadre’s capability-building initiatives and core undertakings over the past year, and explored strategic priorities in the future.

Chain Analyst Mr Colin Chan discusses the latest development on digital assets tracking technology and methods for identifying illicit transactions.