Hong Kong has taken up cryptocrime in earnest and is preparing its own technological response. We are talking about an AML tool that should become a kind of digital "super detective" – always alert, with excellent memory and tireless in his work.

Deputy Commissioner Mario Wong Ho-yin did not elaborate much on the details, but made it clear that the development was already being tested. And, it seems, for good reason: in the last couple of years alone, cases of crypto laundering totaling $1.14 billion have surfaced in Hong Kong. As a rule, attackers disguise their business as ordinary trading operations.

The technological partner is the University of Hong Kong, which has already proven itself in the fight against digital piracy. Now they are applying their experience and knowledge to counter cryptomachinations. Machine learning algorithms will analyze huge volumes of transactions, revealing unusual patterns and even the most intricate patterns.

The focus is on situations where the crypt helps to circumvent international restrictions. In the current global environment, this is becoming critically important for financial stability in the region.

Experts say that cool technology is only part of the job. The police of different countries should work together. Therefore, Hong Kong is actively establishing international relations, trying to communicate even with those with whom views differ.

Given the recent UN statement that mining can be used to launder money, Hong Kong's move seems very welcome. The main question is whether the technology will be able to catch up with the cunning schemes of scammers, who are usually one step ahead of all the rules.