20240716 - 63 people arrested in operation with Gardaí and Interpol

Written by a www.MoneyLaundering.ie Guest Contributor
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1.  Summary

• Gardaí have arrested 63 people as part of an operation with Interpol across 21 countries around the world.
• 17 people have been charged, while two cars have been seized, as well as €49,000 worth of goods believed to have been bought with stolen or laundered money.
• 17 bank accounts have been blocked under suspicion of being opened under false names.
• 37 searches were carried out, with 11 phones seized.
• €81,133 and $260,953 in cryptocurrency were also seized.
• Gardaí from Dublin, Kerry, Laois, Tipperary, and Galway were involved.

2.  What’s interesting

• Multiple Countries Involved: The operation spans 21 countries, which might indicate an international money laundering scheme or complex financial networks.
• Seizure of Goods and Cash: The seizure of €49,000 worth of goods and significant amounts of cryptocurrency (€81,133 and $260,953) suggests that illicit funds were being used for purchases and investments. This might indicate the laundering of large amounts of money.
• Blocked Bank Accounts: The blocking of 17 bank accounts under suspicion of being opened under false names points to possible identity fraud and efforts to conceal the true ownership and origins of funds.

Source
https://www.breakingnews.ie/ireland/63-people-arrested-in-operation-with-gardai-and-interpol-1650689.html