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Health regulators seize almost £4m worth of Bitcoin in war against illegal online medicine sales
HEALTH regulators have seized almost £4million worth of Bitcoin in their war against illegal online medicine sales.
The Medicines and Healthcare products Regulatory Agency recovered £7.5million of assets from criminals last year.
Health regulators have seized almost £4m worth of Bitcoin in the war against illegal online medicine sales[/caption]That included £3.9million worth of cryptocurrency made from online sales of Viagra, painkillers and sleeping pills.
The agency confiscated 17 million doses of unlicensed medical drugs.
Head of enforcement Andy Morling said: “This is almost exclusively an online trade now.
“Criminals look for what they perceive as safe places for their ill-gotten gains and things that are untraceable to them as criminals.
“There’s been a long-held perception that cryptocurrencies and Bitcoin in particular provide anonymity for the offenders and cast-iron security for their illegally obtained profits.
“Neither of those are true and every financial transaction leaves a trace.
“As they move into crypto, we are there waiting for them.”
Government departments can now sell cryptocurrencies seized from offenders.
Health minister Karin Smyth added: “Shameful criminals selling unregulated and illegal medicines must feel the full force of the law.
“We are cracking down on these rogue retailers, taking illicit medicines off the streets, and keeping the public safe.”
“The MHRA will use the funds made through this to strengthen future action against criminals.”
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Retail crime is ‘out of control’ with thousands of staff abused daily and theft at all-time high
RETAIL crime is “out of control” — with 2,000 incidents of staff abuse a day last year.
Theft also hit an all-time high, with 20million cases over the year — costing firms £2.2billion.
It means there were 55,000 crimes a day involving stolen goods.
Most incidents are linked to organised crime groups targeting multiple stores in the UK.
Meanwhile, the rate of abuse towards workers is now more than four times higher than in 2020, when there were just 455 cases a day.
And of last year’s incidents, 70 a day involved a weapon — a rate more than double the previous year, according to the survey by the British Retail Consortium.
Bosses are now putting millions into stopping crime — such as kitting out staff with body cams or adding security tags to more items.
Helen Dickinson, of the BRC, said: “Retail crime is spiralling out of control.
“People have been spat on, racially abused and threatened with machetes.
“With little faith in police, it is no wonder criminals feel they have a licence to steal, threaten, assault and abuse.”