Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide
  • Home
  • /
  • Security
  • /
  • Met makes UK's largest cryptocurrency seizure

Security

Met makes UK's largest cryptocurrency seizure

Specialist detectives investigating money laundering offences made a seizure worth £114 million – the largest cryptocurrency seizure in the UK and believed to be one of the largest globally.

Image courtesy Metropolitan Police

The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets. The investigation continues.

Detective Constable Joe Ryan said: “Criminals need to legitimise their money otherwise it risks being seized by law enforcement. The proceeds of crime are almost always laundered to hide the origin, but by disrupting the flow of funds before they are reinvested, we can make London an incredibly difficult place for criminals to operate.”

Advertisement
DSEI 2025

Deputy Assistant Commissioner Graham McNulty said: “Every single part of the Met is working to reduce violence on the streets of London as an absolute priority, this includes our financial investigators.

“There is an inherent link between money and violence. Violence is used to extort, blackmail, burgle, control and exploit. It’s used to protect criminal profits and maintain control of territories.

“Cash remains king but as technology and online platforms develop, some are moving to more sophisticated methods of laundering their profits. But, we have highly trained officers and specialist units working day and night to remain one step ahead.

“These officers not only work to disrupt and seize funds being transferred digitally, they continue to deprive criminals of hard cash. In the financial year 2020/21, we have seized more than £47 million from the hands of criminals. This cash can no longer be reinvested in crime, it cannot be used to buy and peddle drugs and weapons, and cannot be used to entice and exploit young and vulnerable people into criminality.”

Advertisement
Gulfstream RT

 


 

Advertisement
Cranfield University
QinetiQ US achieves DoD

Security

QinetiQ US achieves DoD's CMMC Level 2 Cybersecurity Certification

16 July 2025

Advanced certification has positioned QinetiQ US among early achievers in a select group of companies meeting the US Department of Defense's enhanced cybersecurity standards, having earned Level 2 certification under the DoD Cybersecurity Maturity Model Certification (CMMC) programme with zero findings.

SkyShark takes flight

Defence Security

SkyShark takes flight

16 July 2025

MGI Engineering, a company forged in the fast-paced world of Formula 1, has officially unveiled SkyShark, a next-generation military drone platform designed to transform battlefield operations with speed, precision and UK-built sovereignty.

Chief Superintendent Fiona Gaffney joins NPAS as COO

Security

Chief Superintendent Fiona Gaffney joins NPAS as COO

15 July 2025

The National Police Air Service (NPAS) has welcomed Chief Superintendent Fiona Gaffney as its new Chief Operating Officer (COO), following the retirement of Chief Superintendent Vicki White after 30 years of service to policing.

Lane Electronics to showcase connectivity solutions at DSEI 2025

Defence Security Events

Lane Electronics to showcase connectivity solutions at DSEI 2025

15 July 2025

Franchised distributor of electrical, electronic and optical connectors, Lane Electronics, will be exhibiting at DSEI 2025 (9th–12th September 2025, Excel London) will have the opportunity to explore the company’s latest connector technologies and its UK-based assembly and services.

Advertisement
Gulfstream RT
UK and France agree scheme to address illegal Channel crossings

Security

UK and France agree scheme to address illegal Channel crossings

11 July 2025

The Prime Minister Keir Starmer and French President Emmanuel Macron, have agreed a scheme to address illegal Channel crossings and dismantle the people smuggling networks.

IFS appoints Kriti Sharma as CEO of Nexus Black

Aerospace Security

IFS appoints Kriti Sharma as CEO of Nexus Black

11 July 2025

IFS has appointed Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS’s commitment to industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it serves.

Advertisement
ODU RT