BlockBeats reported that on September 10, the Financial Times reported that the UK Financial Conduct Authority (FCA) said on Tuesday that it had accused Olumide Osunkoya, 45, who lives in London, of illegally operating multiple cryptocurrency ATMs that were allegedly not registered with the regulator.
The FCA said ATMs operated by Osunkoya processed cryptocurrency transactions worth £2.6 million between December 2021 and September 2023, across multiple locations.
The FCA said Osunkoya was a director of Gidiplus Ltd, whose registration application was rejected by the regulator in 2021, before starting his own business.
The regulator said Osunkoya faces two charges related to anti-money laundering and counter-terrorism financing regulations, two charges related to false documents “created and used” in connection with his activities, and one charge of possessing property “suspected to be the proceeds of crime” in connection with his cryptocurrency ATM business.
