Crypto, Tech, UK
Woman holds smartphone with Revolut app in front of displayed Revolut logo in this illustration taken February 4, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
By Elizabeth Howcroft and Tommy Reggiori Wilkes
REVOLUT’S pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said.
Revenue at the London-based fintech rose to 3.1 billion pounds, up from 1.8 billion pounds in 2023, it said, driven by income from interest on the back of higher rates, card payments and the company’s “Wealth” segment, which includes trading and crypto products.
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The Serious Fraud Office (SFO) today launched new guidance, stating for the first time that if a corporate self-reports suspected wrongdoing and co-operates fully with investigators, it can expect to be invited to negotiate a Deferred Prosecution Agreement (DPA) rather than face prosecution, unless exceptional circumstances apply. At a legal conference in London, SFO Director Nick Ephgrave introduced new corporate co-operation guidance that will make it simpler for corporates to report suspected wrongdoing by a direct route to the SFO’s Intelligence Division via a secure reporting portal.
National Crime Agency
A high-ranking member of a Midlands-based drugs supply network has been found guilty in his absence following a National Crime Agency (NCA) investigation. Alexi Morgan, 30, from West Bromwich, failed to appear at Birmingham Crown Court for the start of his two-week trial. On 23 April a jury delivered guilty verdicts on all charges against him, and a judge sentenced him to 15 years and six months’ imprisonment.
A Sydney father and son have both been sentenced to imprisonment in Western Australia for their involvement in a 2022 plot to import and distribute 56kg of cocaine from Switzerland. The Perth District Court today (24 April, 2025) sentenced one man, now 28, to 11 years and six months’ imprisonment, with a non-parole period of seven years, after he pleaded guilty last year (2024) to the attempted possession of a commercial quantity of an unlawfully imported border controlled drug.
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