Tag: Banking

Regulatory Watch News

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  New Jersey Man Convicted for Conspiring to Traffic Fentanyl-Related Substances and Launder Money

  US Department of Justice

  January 29, 2025

  A federal jury in Newark convicted a New Jersey man on Jan. 27 for conspiring to traffic fentanyl-related substances and launder money. According to court documents and evidence presented at trial, from approximately January 2014 through September 2020, William Panzera, 51, of North Haledon, and other members of a drug trafficking organization, agreed to import and distribute controlled substances and controlled substance analogues, including fentanyl analogues, methylenedioxymethamphetamine (MDMA), methylone, and ketamine. Co-conspirators ordered controlled substances and analogues from a source in China and paid those sources hundreds of thousands of dollars via wire transfer and cryptocurrency.

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  Drug dealer sentenced after Serious Crime Prevention Order breaches

  National Crime Agency

  January 29, 2025

  A convicted drug dealer has been given a prison sentence of a year and three months after breaching his Serious Crime Prevention Order (SCPO). The National Crime Agency's Lifetime Management Unit monitored John Cobbina, 59, from Highbury, north London following his release from prison in 2020. Cobbina has had prior convictions, first in 2010 for money laundering and supplying class A drugs. He was again convicted in 2016 for conspiracy to supply drugs and in 2017 for possession with intent to supply class A drugs.

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  Court Jails Man for N19.6m Fraud in Maiduguri

  EFCC

  January 29, 2025

  Justice Muhammad Maina of the Borno State High Court, Maiduguri on Tuesday, January 28, 2025, convicted and sentenced one Ahmed Saleh Mubi to one-year imprisonment for criminal misappropriation. Mubi was arraigned on Thursday,  September 19,  2024, by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission EFCC, on a one-count  bordering on  criminal misappropriation to the tune of N19,691, 200.00 (Nineteen Million, Six Hundred and Ninety One Thousand, Two Hundred Naira).