The Criminal Assets Bureau conducted a search operation this morning, 10th February 2021 in counties Tipperary and Kilkenny, with the assistance of the Emergency Response Unit, local Divisional personnel and the Garda Dog Unit.
The operation targeted an Organised Crime Gang originating in the Munster and South Leinster regions with considerable links across the continent of Europe.
Over the course of this investigation, assistance was sought from, and was provided by Europol.
Fund transfers in excess of €4 million were identified from other jurisdictions to Irish bank accounts linked to members of this Organised Crime Gang.
The Criminal Assets Bureau operation resulted in the freezing of sixteen bank accounts linked to members of the Organised Crime Gang which contain cumulative funds of €540,000.00.
Today’s operation involved searches of four residential addresses and a business premises and the following items of note were seized:
- A 201 Volvo XC90
- Financial documentation.
This morning’s operation is a significant development in an on-going CAB investigation targeting an Organised Crime Gang involved in large scale money laundering in the Republic of Ireland and Europe.