According to BlockBeats, the UK Financial Conduct Authority (FCA) has accused 45-year-old London resident Olumide Osunkoya of illegally operating multiple unregistered cryptocurrency ATMs.

The FCA said the ATMs processed cryptocurrency transactions worth £2.6 million between December 2021 and September 2023.

Osunkoya was previously a director of Gidiplus Ltd, but its registration application was rejected in 2021.

Osunkoya faces charges related to anti-money laundering and counter-terrorism financing regulations, as well as charges involving false documents and property suspected to be the proceeds of crime.