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UK to Invest £500 Million Over Next 3 Years in Anti-Money Laundering, Adding 500 Enforcement Personnel
Odaily News: The UK government has announced that it will invest £500 million over the next three years in a new anti-money laundering and asset recovery strategy, and will recruit 500 additional personnel across police forces, the National Crime Agency (NCA), and the Crown Prosecution Service to track down and seize criminal funds.The funding comes from an economic crime levy imposed on regulated businesses. The UK Home Office stated that the NCA estimates more than £100 billion is laundered through the UK or UK corporate structures each year, with the development of fintech, cryptocurrency, and AI increasing related risks.The additional personnel will support "Operation Destabilise," which targets Russian-speaking networks that convert street cash into cryptocurrency. To date, the operation has arrested 119 suspected money launderers and seized over £25 million in cash and crypto assets in less than a year. (Decrypt)
UK Fraud Review Recommends Training Judges in Crypto Money Laundering and AI Scams, References Seizure of Over 61,000 BTC
a fraud review commissioned by the UK government recommends that the Judicial College provide training for all judges and magistrates in England and Wales to address the rise in cases involving AI fraud and money laundering via cryptocurrency. The report argues that the Fraud Act 2006 is generally adequate for handling AI fraud, but the issue lies in the courts' lack of preparedness for adjudicating such cases. It recommends assessing whether the existing "Long and Complex Trials" course should be updated or replaced with specialized modules on fraud and related offenses, and considering mandatory training for judges who may preside over complex fraud cases. The report states that fraud could soon account for half of all crime in England and Wales, with an estimated 4.1 million cases occurring in the year to June 2025, affecting 1 in 14 adults and 1 in 4 businesses. The Financial Ombudsman Service estimates that over half of investment scams now involve crypto assets. The report also references the case of Qian Zhimin, who operated a Ponzi scheme in China, defrauding over 128,000 victims of approximately £5 billion and laundering the proceeds into Bitcoin. This case led to the largest confirmed Bitcoin seizure in UK history, involving over 61,000 BTC. Qian Zhimin was sentenced to 11 years and 8 months in prison at Southwark Crown Court in November.
Three men break into UK home and assault victim in attempt to steal crypto, receive maximum sentences of 6 years
Odaily Report: Three men in Bristol, UK, broke into a man's home in the early hours of May 15, assaulted the victim, and demanded he hand over a large amount of cryptocurrency. The victim sustained head injuries and was hospitalized for treatment; the three men were unsuccessful in their attempt.Terroll Paul, Mohamed Samagassi, and Pierre Madzou all pleaded guilty to aggravated burglary and were sentenced at Bristol Crown Court on October 15. Paul was sentenced to 6 years, Madzou to 5 and a half years, and Samagassi to 5 years; the victim's underage sister called the police, and the three were subsequently arrested at the scene.Police did not disclose the amount of cryptocurrency the three demanded. The case is a "wrench attack," in which criminals use violence or threats to force cryptocurrency holders to hand over digital assets; data from blockchain security firm CertiK shows that in the first six months of 2026, such attacks worldwide caused $124 million in losses, a 12-fold year-on-year increase. (Decrypt)
Trump Calls Attack on Saudi Arabia Unacceptable, Will Contact Houthis and Saudi Crown Prince
Trump stated that attacks on Saudi Arabia are unacceptable, emphasizing that Saudi Arabia has the capability to defend itself. He revealed that the US has established contact with the Houthi forces and will communicate with the Saudi Crown Prince.
A man in the UK has been sentenced to two and a half years in prison for participating in a SIM swap scam and stealing nearly £200,000 worth of cryptocurrency.
According to Decrypt, London police announced that 25-year-old Londoner Ajay Shinjin was sentenced to two and a half years in prison at Inner London Crown Court for his involvement in a "complex and meticulously planned" SIM card hijacking (SIM-swap) fraud that stole nearly £200,000 (approximately $265,000) worth of cryptocurrency. Shinjin previously pleaded guilty to charges including fraud by false representation and transferring criminal property.
Three men in Bristol, UK sentenced to five to six years in prison for cryptocurrency burglary
According to a statement from Avon and Somerset Police in the UK, Terroll Paul, 31, Mohamed Samagassi, 37, and Pierre Madzou, 30, broke into a man's residence in Bristol in the early hours of May 15, assaulted the victim and demanded he hand over a large amount of cryptocurrency, but were unsuccessful. On October 15, the trio was sentenced at Bristol Crown Court for aggravated burglary, with Paul receiving six years, Madzou five and a half years, and Samagassi five years. The victim sustained severe head injuries requiring hospital treatment. His underage sister successfully raised the alarm, prompting the immediate arrest of the three suspects at the scene. They subsequently pleaded guilty when they appeared in court in August.
UK to Invest £500 Million Over Next 3 Years in Anti-Money Laundering, Adding 500 Enforcement Personnel
Odaily News: The UK government has announced that it will invest £500 million over the next three years in a new anti-money laundering and asset recovery strategy, and will recruit 500 additional personnel across police forces, the National Crime Agency (NCA), and the Crown Prosecution Service to track down and seize criminal funds.The funding comes from an economic crime levy imposed on regulated businesses. The UK Home Office stated that the NCA estimates more than £100 billion is laundered through the UK or UK corporate structures each year, with the development of fintech, cryptocurrency, and AI increasing related risks.The additional personnel will support "Operation Destabilise," which targets Russian-speaking networks that convert street cash into cryptocurrency. To date, the operation has arrested 119 suspected money launderers and seized over £25 million in cash and crypto assets in less than a year. (Decrypt)
UK Fraud Review Recommends Training Judges in Crypto Money Laundering and AI Scams, References Seizure of Over 61,000 BTC
a fraud review commissioned by the UK government recommends that the Judicial College provide training for all judges and magistrates in England and Wales to address the rise in cases involving AI fraud and money laundering via cryptocurrency. The report argues that the Fraud Act 2006 is generally adequate for handling AI fraud, but the issue lies in the courts' lack of preparedness for adjudicating such cases. It recommends assessing whether the existing "Long and Complex Trials" course should be updated or replaced with specialized modules on fraud and related offenses, and considering mandatory training for judges who may preside over complex fraud cases. The report states that fraud could soon account for half of all crime in England and Wales, with an estimated 4.1 million cases occurring in the year to June 2025, affecting 1 in 14 adults and 1 in 4 businesses. The Financial Ombudsman Service estimates that over half of investment scams now involve crypto assets. The report also references the case of Qian Zhimin, who operated a Ponzi scheme in China, defrauding over 128,000 victims of approximately £5 billion and laundering the proceeds into Bitcoin. This case led to the largest confirmed Bitcoin seizure in UK history, involving over 61,000 BTC. Qian Zhimin was sentenced to 11 years and 8 months in prison at Southwark Crown Court in November.
Gate CFD Contract Stock Zone has launched 53 CFD contract trading pairs including SHLD (GLOBAL X Defense Technology ETF), DRAM (Roundhill Memory ETF), and others, along with a new coin airdrop Phase 4 event
According to official announcements, the Gate CFD contract zone has launched 53 CFD trading pairs: SHLD (GLOBAL X Defense Technology ETF), DRAM (Roundhill Memory ETF), GME (GameStop), NBIX (Neurocrine Biosciences), BAX (Baxter International), KMI (Kinder Morgan), CFG (Citizens Financial Group), Z (Zillow Group), DVN (Devon Energy), ADP (Automatic Data Processing), ADM (Archer-Daniels-Midland), GPN (Global Payments), SIRI (Sirius XM), ECL (Ecolab), MPC (Marathon Petroleum), MDLZ (Mondelez International), BKR (Baker Hughes), EL (Estée Lauder Companies), LVS (Las Vegas Sands Corp), LHX (L3Harris Technologies), VALE (Vale), A (Agilent Technologies), FOXA (Fox Corporation), TJX (TJX Companies), CLX (The Clorox Company), CCI (Crown Castle International), FAST (Fastenal), HLT (Hilton Worldwide), HOG (Harley-Davidson), DLR (Digital Realty Trust), PPG (PPG Industries), MTCH (Match Group), PLD (Prologis), EMR (Emerson Electric), KODK (Eastman Kodak), SWKS (Skyworks Solutions), AEP (American Electric Power), MDT (Medtronic), OMC (Omnicom Group), NSC (Norfolk Southern Railway), GFI (Gold Fields), BMY (Bristol-Myers Squibb), ROK (Rockwell Automation), LEN (Lennar Corporation), ETSY (Etsy), ADI (Analog Devices), CHTR (Charter Communications), NTRS (Northern Trust), NBR (Nabors Industries), EDU (New Oriental Education & Technology Group), VFS (VinFast), SENS (Senseonics), ETD (Ethan Allen Interiors). These contract trading pairs support 4x fixed leverage.In addition, the Gate CFD Stock Contract Zone will launch the new coin airdrop Phase 4 event from 16:00 on May 19 to 16:00 on May 29 (UTC+8). During the event, registered users can receive 300 USDT and share a prize pool of 900,000 USDT by participating in trading the newly listed assets, with a maximum reward of 31,300 USDT per person.
Related news
Accomplices in the Qian Zhimin case return £5.6 million to the UK government
According to The Daily Mail, Malaysian national Hok Seng Ling, 48, who acted as the "handler" for Chinese fraudster Zhimin Qian, has fully paid the £5,603,305 required under a confiscation order to the UK government, along with £1,990 in interest, most of which comprises cryptocurrency seized upon his arrest. This information comes from a Freedom of Information request submitted by The Daily Mail to the UK's Crown Prosecution Service (CPS). Ling was sentenced to four years and 11 months in prison last November for assisting in money laundering. Between 2014 and 2017, Qian defrauded over 128,000 Chinese investors through a Ponzi scheme, converted the illicit funds into Bitcoin, and fled to the UK. The total amount involved was approximately £5.5 billion, making it the largest money laundering case in British history. The 61,000 Bitcoins seized by the Metropolitan Police are currently valued at roughly £3.8 billion and are held in a UK government account.
£5.6 Million Returned: Qian Zhimin Case Accomplice Hok Seng Ling Ordered to Hand Over Case-Related Funds
Hok Seng Ling once assisted Qian Zhimin in money laundering. The Ponzi scheme orchestrated by Qian Zhimin defrauded over 128,000 Chinese investors between 2014 and 2017, after which the proceeds were converted into Bitcoin and she fled to the United Kingdom. Hok Seng Ling helped Qian Zhimin evade British police investigation by booking Airbnb accommodations and arranging assistants. Last November, Hok Seng Ling pleaded guilty to money laundering-related charges at Southwark Crown Court in London and was sentenced to 4 years and 11 months in prison. The court subsequently ordered him to hand over £5,603,305, most of which came from cryptocurrency seized at the time of his arrest. All of the above funds have now been recovered, along with an additional £1,990 in interest.
Three UK Men Sentenced to Five to Six Years in Prison for Attempted Cryptocurrency Home Invasion Robbery
According to Decrypt, a Bristol Crown Court in the UK has sentenced three men to between five and six years in prison for an aggravated burglary targeting cryptocurrency holders. Case details revealed that defendants Terroll Paul, 31, Mohamed Samagassi, 37, and Pierre Madzou, 30, forcibly entered the victim's residence in the early hours of May 15, assaulted him, and demanded large sums of cryptocurrency. The victim sustained head injuries, leading his sister to contact the police, who then apprehended all three suspects at the scene. All three subsequently pleaded guilty to aggravated burglary, resulting in sentences of six years for Paul, five and a half years for Madzou, and five years for Samagassi.
Three men break into UK home and assault victim in attempt to steal crypto, receive maximum sentences of 6 years
Odaily Report: Three men in Bristol, UK, broke into a man's home in the early hours of May 15, assaulted the victim, and demanded he hand over a large amount of cryptocurrency. The victim sustained head injuries and was hospitalized for treatment; the three men were unsuccessful in their attempt.Terroll Paul, Mohamed Samagassi, and Pierre Madzou all pleaded guilty to aggravated burglary and were sentenced at Bristol Crown Court on October 15. Paul was sentenced to 6 years, Madzou to 5 and a half years, and Samagassi to 5 years; the victim's underage sister called the police, and the three were subsequently arrested at the scene.Police did not disclose the amount of cryptocurrency the three demanded. The case is a "wrench attack," in which criminals use violence or threats to force cryptocurrency holders to hand over digital assets; data from blockchain security firm CertiK shows that in the first six months of 2026, such attacks worldwide caused $124 million in losses, a 12-fold year-on-year increase. (Decrypt)
Three men in Bristol, UK sentenced to five to six years in prison for cryptocurrency burglary
According to a statement from Avon and Somerset Police in the UK, Terroll Paul, 31, Mohamed Samagassi, 37, and Pierre Madzou, 30, broke into a man's residence in Bristol in the early hours of May 15, assaulted the victim and demanded he hand over a large amount of cryptocurrency, but were unsuccessful. On October 15, the trio was sentenced at Bristol Crown Court for aggravated burglary, with Paul receiving six years, Madzou five and a half years, and Samagassi five years. The victim sustained severe head injuries requiring hospital treatment. His underage sister successfully raised the alarm, prompting the immediate arrest of the three suspects at the scene. They subsequently pleaded guilty when they appeared in court in August.
Trump Calls Attack on Saudi Arabia Unacceptable, Will Contact Houthis and Saudi Crown Prince
Trump stated that attacks on Saudi Arabia are unacceptable, emphasizing that Saudi Arabia has the capability to defend itself. He revealed that the US has established contact with the Houthi forces and will communicate with the Saudi Crown Prince.