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Subscribe to our news service at HERE A 21-year-old Tralee man has pleaded guilty to four charges including money laundering relating to sums totalling over €50,000.
Tralee Circuit Criminal Court was told that the case of Fortunatus Ankomah of Rath Óraigh, Tralee, is the latest to arise from a major operation by gardaí. Fortunatus Ankomah pleaded guilty to three counts of converting, transferring, handling, acquiring, possessing, or using property which he knew, believed to be, or was reckless as to whether or not it was the proceeds of criminal conduct. This is an offence under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. The first count related to a sum of €10,000, which was credited to an AIB account on 19th January 2021. The second count related to a sum of almost €22,000, which was credited to a separate AIB account on a date between 21st January and 26th January 2021. The third count related to a sum of almost €20,000, again credited to a third separate AIB account between March and June of 2021. Mr Ankomah also admitted to one charge relating to organised crime, whereby he enhanced the ability of a criminal organisation to commit money laundering, by participating in or contributing to an activity of that organisation.
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Subscribe to our news service at HERE Irish prosecutors dropped money laundering and tax charges against a woman who had been due to stand trial at the Special Criminal Court, just five days after her ex-IRA partner pleaded guilty to similar tax offences.
Jennifer Dunne (38), of Richmond, Blackrock, Co Dublin, had been accused of six money laundering offences relating to three AIB accounts between January 1st, 2018, and December 31st, 2019, and a further three counts of failing to furnish tax returns between October 31st, 2018 and October 31st, 2020. At the Special Criminal Court on Tuesday, Dominic McGinn SC, for the State, told the non-jury court that certain documents had now been received by the State and that all nine charges against Ms Dunne were no longer being pursued by the Director of Public Prosecutions, in what is known as a 'nolle prosequi' application. Subscribe to our news service at HERE Chilimbar Vasile of 13A Eagle Valley, Sarsfield Road, Wilton, Cork pleaded guilty to the count stating that on September 24, 2019, proceeds of criminal conduct namely the money was credited to an AIB account in another name, knowing or being reckless as to whether it was the proceeds of crime.
Garda Kelleher said the sum of money, in the AIB account in question, was €228,274. The father-of-eleven who controlled an AIB bank account in another man’s name — when €228,000 passed through it over four years — had no explanation for this money except that he sold The Big Issue. AIB has been fined €2.275 million by the Central Bank for failing to report potentially suspicious monetary transactions promptly to the Garda and Revenue.
The financial regulator found AIB guilty of six breaches of anti-money laundering laws and legislation to ensure funding doesn’t make its way to terrorist organisations. It said the breaches were the result of “significant failures” in AIB’s controls, policies and procedures. This is the biggest fine levied against AIB by the Central Bank and follows a €3.325 million fine issued last year to Ulster Bank for similar breaches.
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