NEWS: FBI adds ‘Cryptoqueen’ to Most-Wanted List

Regulatory Watch News

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  A number of jurisdictions, including the UK and US, are in the process of putting in place regulatory regimes for stablecoins.

  Bank of England

  April 9, 2025

  A number of jurisdictions, including the UK and US, are in the process of putting in place regulatory regimes for stablecoins. The FPC will continue to monitor closely developments in stablecoins and the risks to UK financial stability associated with those. The interconnectedness of unbacked cryptoasset markets with the real economy and financial sector is growing but remains relatively limited.

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  Alleged N3bn Fraud: How Kogi State LG Funds were Laundered – Witness

  EFCC

  April 9, 2025

  The Sixth Prosecution Witness, PW6, Remigius Egu in the trial of Ali Bello, Yakubu Isiaka Adabenege, Abba Adaudu and Iyada Sadat on Tuesday, April 8, 2025, narrated before Justice Obiora Egwuatu of the Federal High Court, sitting in Maitama, Abuja, how funds belonging to various Local Government Areas, LGAs, of Kogi State were allegedly diverted and laundered through private accounts. The Economic and Financial Crimes Commission, EFCC is prosecuting the quartet on 18-count charges, bordering on money laundering and misappropriation of public funds to the tune of over N3 billion.

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  Operation Venetic: Drug dealer caught with five kilos of cocaine found to have imported a further £17m worth

  National Crime Agency

  April 8, 2025

  A south London drug dealer convicted for supplying cocaine has been jailed after his seized encrypted phone showed he had imported more than half a tonne of the class A drug. Kurtis Hoyte, 35, from Beckenham, was investigated by the Organised Crime Partnership (OCP) – a joint National Crime Agency and Metropolitan Police Service unit. OCP officers arrested him in May 2020 after he was observed handing over five kilos of cocaine with an estimated street value of £180,000 to the driver of a flat-bed truck near Beckenham Hill Station.