PANews reported on November 17 that the Hong Kong Securities and Futures Commission (SFC) issued a circular today urging licensed corporations and virtual asset trading platforms to remain vigilant against suspicious fund transfers indicating tiered trading activities in order to prevent money laundering. The SFC stated in the circular that there is a continuing upward trend in criminals using licensed institutions for tiered trading activities, with some attempting to launder proceeds from fraud and deception cases by concealing the source and destination of illicit funds. Common warning signs of tiered trading activities involve a series of suspicious behaviors, including frequent, rapid, and organized deposits of funds into client accounts, followed by immediate withdrawals in the form of cash or virtual assets. The SFC also reiterated in the circular the stringent standards it expects of licensed institutions to detect and prevent tiered trading activities.PANews reported on November 17 that the Hong Kong Securities and Futures Commission (SFC) issued a circular today urging licensed corporations and virtual asset trading platforms to remain vigilant against suspicious fund transfers indicating tiered trading activities in order to prevent money laundering. The SFC stated in the circular that there is a continuing upward trend in criminals using licensed institutions for tiered trading activities, with some attempting to launder proceeds from fraud and deception cases by concealing the source and destination of illicit funds. Common warning signs of tiered trading activities involve a series of suspicious behaviors, including frequent, rapid, and organized deposits of funds into client accounts, followed by immediate withdrawals in the form of cash or virtual assets. The SFC also reiterated in the circular the stringent standards it expects of licensed institutions to detect and prevent tiered trading activities.
The Hong Kong Securities and Futures Commission (SFC) urges licensed institutions to detect and prevent potential tiered transaction activities used for money laundering.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on November 17 that the Hong Kong Securities and Futures Commission (SFC) issued a circular today urging licensed corporations and virtual asset trading platforms to remain vigilant against suspicious fund transfers indicating tiered trading activities in order to prevent money laundering. The SFC stated in the circular that there is a continuing upward trend in criminals using licensed institutions for tiered trading activities, with some attempting to launder proceeds from fraud and deception cases by concealing the source and destination of illicit funds. Common warning signs of tiered trading activities involve a series of suspicious behaviors, including frequent, rapid, and organized deposits of funds into client accounts, followed by immediate withdrawals in the form of cash or virtual assets. The SFC also reiterated in the circular the stringent standards it expects of licensed institutions to detect and prevent tiered trading activities.
Market Opportunity
Virtuals Protocol Price(VIRTUAL)
$0.7242
$0.7242$0.7242
USD
Virtuals Protocol (VIRTUAL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
SEC and CFTC Introduce Crypto Classification Framework
The post SEC and CFTC Introduce Crypto Classification Framework appeared on BitcoinEthereumNews.com. SEC and CFTC issued a framework that identified various digital
Share
BitcoinEthereumNews2026/03/19 13:30
NYSE, Nasdaq, Cboe Align Crypto ETF Options With Liquidity Driven Limits
The post NYSE, Nasdaq, Cboe Align Crypto ETF Options With Liquidity Driven Limits appeared on BitcoinEthereumNews.com. Crypto ETF options are rapidly being folded
Share
BitcoinEthereumNews2026/03/19 12:47
Headwind Helps Best Wallet Token
The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27
