Man and woman arrested in connection with 'large scale' money laundering operation
Gardaí, members of the Criminal Assets Bureau and Europol officers executed a search warrant on an address in south Dublin on Tuesday
A man and a woman have been arrested by Gardai after a property in south Dublin was searched as part of an investigation into alleged international money laundering.
On Tuesday (November 12), members from the DMR East Division's Economic Crime Unit, assisted by members from the Criminal Assets Bureau (CAB), the Garda National Drugs and Organised Crime Bureau (GNDOCB), as well as colleagues from Europol, executed a search warrant at an address in Blackrock, Co. Dublin.
This search was part of an ongoing investigation into a range of alleged offences including offences contrary to Section 72 of the Criminal Justice Act, 2006 and to Section 7 of the Money Laundering of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010.
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Gardai said the investigation relates to "a large scale operation of alleged money laundering".
An investigation team was established in the DMR East following a number of international complaints into various forms of alleged online fraud. Suspicious activity was identified in a number of bank accounts, involving money transactions from hundreds of bank accounts from over 15 countries across Europe, suspected to be the proceeds of crime and ‘money mule’ transactions.
A 'money mule' is a person who transfers illegally obtained money between different payment accounts, very often in different countries, on behalf of others. Money mules are also recruited by criminals to receive money into their bank account, in order to withdraw the money and in most cases wire it overseas, receiving a commission payment in return for the provided services.
Following the search of a property in Blackrock, a man and a woman, both in their 30s, were arrested at the scene. They are currently being detained under Section 50 of the Criminal Justice Act, 2007 at a Garda Station in Dublin.
An incident room has been set up and an Senior Investigating Officer has been appointed. Gardaí say that investigations are ongoing.
This is an international investigation led by the DMR East Division's Economic Crime Unit co-ordinated by Europol.
Gardaí have, to date, seized in excess of €3.25 million in crypto currencies and €20,000 in cash. Other items of potential evidential value including documents and several digital devices have also been seized.
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