On January 26, 2026, the Securities and Futures Commission ("SFC") informs licensed corporations, SFC-licensed virtual asset service providers, and associated entities about the transition to the Joint Financial Intelligence Unit’s ("JFIU") new suspicious transaction reporting platform, STREAMS 2, which will be the only channel for filing STRs by February 2, 2026. The new platform aims to enhance efficiency and effectiveness in analyzing and disseminating financial intelligence.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On January 26, 2026, the Securities and Futures Commission ("SFC") communicated an update to licensed corporations, SFC-licensed virtual asset service providers, and associated entities regarding the migration to the Joint Financial Intelligence Unit’s ("JFIU") new suspicious transaction reporting platform, STREAMS 2, by February 2, 2026.
Developed by the JFIU, STREAMS 2 is a replacement for the existing STREAMS platform. It incorporates enhanced system automation and analytical capabilities, thereby improving the JFIU's capacity to analyze and distribute financial intelligence derived from suspicious transaction reports ("STRs").
Effective February 2, 2026, licensed firms must submit STRs to the JFIU via the STREAMS 2 platform. Submissions can be made in XML, PDF, or through the web-based form available on STREAMS 2.
Licensed firms are mandated to create STREAMS 2 user accounts to facilitate the timely submission of STRs. New user registrations can be initiated by downloading the STREAMS 2 User Registration Form from the JFIU website and submitting it to the JFIU via email.
Firms are expected to adhere to the JFIU’s transitional arrangements, which include a blackout period for STREAMS from 12:00am on January 28, 2026, to 9:00am on February 2, 2026. During this period, urgent STR submissions may be made by direct contact with the JFIU. Upon the activation of STREAMS 2, all previous STRs submitted through STREAMS will be transitioned to the new platform, enabling firms to access these records via STREAMS 2.
Entities planning to submit STRs via the XML format are required to comply with the XML schema provided by the JFIU and conduct a technical test to ensure a seamless transition.
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