[Hong Kong SFC: Virtual Asset Licensed Institutions Must Transition to New Suspicious Transaction Reporting Platform by February 2] Foresight News reports that the Hong Kong Securities and Futures Commission (SFC) has issued a notice stating that licensed corporations, virtual asset service providers licensed by the SFC, and related entities (collectively referred to as 'licensed institutions') must transition to the newly developed suspicious transaction reporting platform by the Joint Financial Intelligence Unit, known as the 'Second Generation Suspicious Transaction Report and Management System' (STREAMS 2), on or before February 2, 2026. This platform will replace the existing system to enhance automation and analytical capabilities, thereby improving the efficiency of analyzing suspicious transaction reports and disseminating financial intelligence. Starting February 2, 2026, STREAMS 2 will become the sole channel for submitting suspicious transaction reports, which licensed institutions can submit via XML format, designated PDF format, or online forms.