Bitrace Invited to Provide Training for the Hong Kong Financial Intelligence and Investigation Bureau (FIIB)
Recently, Bitrace was invited by the Hong Kong Police Force’s Financial Intelligence and Investigation Bureau (FIIB) to conduct specialized training on cryptocurrency-related crimes. The FIIB is the core unit of the Hong Kong Police responsible for tackling financial crimes. It works to combat complex cross-border crimes through intelligence analysis and international cooperation. This training focused on analyzing money laundering methods in the cryptocurrency sector and investigating cross-border crimes.
Leveraging years of practical experience and data accumulation in the field of cryptocurrency crime investigations, Bitrace has developed a model for identifying typical cryptocurrency money laundering patterns. This model enables efficient detection of address associations linked to money laundering groups and allows for timely monitoring of fund flows.
During the training, Bitrace CEO Isabel Shi shared insights based on real-world case studies and data, covering the following topics:
- Analysis of Cryptocurrency Money Laundering Techniques
By systematically analyzing the role of cryptocurrency in the money laundering process, Isabel explained how criminal groups use decentralized exchanges, cross-chain swaps, anonymous coins, and other technical means to hide the traces of fund movements. Special attention was given to techniques like “mixing services,” on-chain asset splitting and recombination, and how to identify these complex money laundering activities. - Cryptocurrency Tracking and On-Chain Analysis
Using the transparency of blockchain technology, the training showed FIIB how to track and monitor the flow of crypto assets using Bitrace Pro. It covered how to extract key information from blockchain data, identify suspicious transactions, and build a complete fund flow map to effectively link money laundering activities with criminal behavior. - Investigation Approach and Risk Assessment Framework
Focusing on investigation methods and action processes in the cryptocurrency field, this session helped FIIB understand how to build an efficient investigative framework for cryptocurrency cases. It included how to assess potential risks, identify risky assets, and utilize advanced data analysis techniques to uncover suspicious activity, supporting judicial tracking and criminal prosecution.
Isabel stated, “We are honored to support FIIB in addressing the increasingly complex challenges of financial crime. With the widespread application of blockchain technology and crypto assets, the risks of money laundering and terrorist financing are also on the rise. Bitrace is committed to providing innovative solutions for regulatory bodies and law enforcement agencies, collaborating with global partners to build a secure financial ecosystem.”
Bitrace looks forward to contributing to Hong Kong’s leadership in global financial compliance and anti-money laundering efforts through this collaboration with FIIB, while promoting continuous international cooperation in financial security.
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