Ireland

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Ireland: Fraud squad detectives question man suspected of setting up bogus construction company for purpose of laundering money

Fraud squad detectives are continuing to question a man who was arrested yesterday and is suspected of setting up a bogus construction company for the purpose of laundering money for an international crime gang. The Moldavan national is the second suspect to be arrested in relation to the bogus company… Read More

Irish drug gangs gaining greater share of European cocaine market says EU’s crime agency

Irish drug gangs are gaining a greater share of the European cocaine market according to intelligence compiled by the EU’s crime agency. A report by Europol and the UN’s Drug Crime Office (UNODC) also says there is greater cooperation among crime groups, including the Kinahan cartel, and that cocaine seizures… Read More

Seven cars worth €270,000 seized in Garda money laundering investigation

Seven vehicles worth collectively about €270,000 were seized by gardaí as part of an investigation into money laundering in west Dublin on Monday. Gardaí said officers of the Criminal Assets Bureau carried out a search operation at a motor dealership in Blanchardstown. The operation formed part of an… Read More
2nd September 2021
The gardai have uncovered a network of human traffickers involved in smuggling migrants from the Balkans into Britain via Ireland to fill low-paid jobs in the black economy. The operation is being led by the Garda National Bureau of Immigration (GNIB) in conjunction with Britain’s Border Force. Read More
23rd August 2021
Prepaid Financial Services (PFS) has beefed up its board at a potential cost of up to €500,000 a year to address money laundering concerns. PFS’s Australian owner, EML Payments, has also been hit with a A$1.1 million (€670,000) hike in insurance costs because of threatened shareholder lawsuits. EML’s share price… Read More
23rd August 2021
A former male model, airport policeman and reality TV contestant from Dublin has been extradited to the North on money-laundering charges after having already been jailed in the Republic, also for money laundering. Mark Adams (41), of Castleheath, Malahide, Co Dublin, was transported by the Garda to the… Read More
19th August 2021
The Government says it is pressing ahead with plans to set up a new beefed-up white-collar crime agency and it intends to publish proposed new laws to establish the body in coming weeks. The Corporate Enforcement Authority (CEA) will be established as a standalone entity to replace the Office… Read More
18th August 2021
EML Payments said a remediation plan offered to the Central Bank of Ireland to allay its concerns about anti-money laundering lapses will be “substantially” completed by the end of this calendar year with all issues to be resolved by the end of March 2022. EML provided an update to the… Read More
10th August 2021
An accountant and his brother have been charged with theft and money laundering after almost €1.2m in fictitious expenses was “syphoned” from a financial services firm in Dublin. Vipul Dhoot (35) with an address at Hallwell Place, Lucan, Co Dublin was charged with 10 counts of stealing various sums totalling… Read More
8th August 2021
More than 700 “money mule” transactions totalling €5 million moved through Irish bank accounts in the first half of the year, according to new industry figures, with the majority of incidents involving 18- to 24-year-olds. FraudSmart, a fraud awareness initiative led by the Banking & Payments Federation Ireland (BPFI), urged… Read More
4th August 2021
Five people have been arrested by gardaí investigating an international fraud gang who have stolen over €15m. The suspects, aged in their late teens and 20s, were detained following an operation in the Midlands this morning. They are being questioned over a variety of offences including acting as and recruiting… Read More
20th July 2021
Ireland won’t be able to host a new EU anti-money laundering agency unless it does more to police suspicious transactions at home, MEP Billy Kelleher has said. The European Commission will today table proposals for a new body to coordinate anti-money laundering (AML) efforts across the bloc and directly regulate… Read More
20th July 2021
Specialist gardaí have established the four separate tiers of a money laundering gang involved in moving millions of euro obtained by organised frauds through bank accounts across the country. “There are literally hundreds of people involved in this organisation throughout Ireland and investigations have established that there are four tiers… Read More