Gardaí investigating money laundering raid four premises and freeze €40k in bank account

Gardaí investigating money laundering raid four premises and freeze €40k in bank account
Criminal Assets Bureau officers during one of their raids this morning. Pic: Garda Press Office.

The Criminal Assets Bureau is examining the beneficial owners of a home in North Cork and another in South Tipperary as part of an ongoing money laundering investigation.

In a series of searches this morning, CAB targeted four sites and froze around €40,000 in a bank account.

In a statement, the CAB said: “The search sites consisted of two homes in Dublin 15 and Dublin 6, and two professional premises located in Dublin 2 and Co Laois.”

It said bureau officers were supported by the elite Emergency Response Unit, local gardaí and officers from the Garda National Immigration Bureau.

During the course of the search, documentation, phones and electronic devices were seized. They will be analysed by specialist CAB analysts.

The statement said: “Approximately €40,000 has been frozen in an account in a financial institution pursuant to Section 17 of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010.”

It said the search operation was "a significant development in an on-going operation targeting an organised crime gang involved in the cultivation, sale and supply of controlled drugs".

“CAB are investigating the beneficial ownership of a home in South Tipperary and another home in North Cork.”

More on this topic

Man, 22, arrested in connection with serious assault in MeathMan, 22, arrested in connection with serious assault in Meath

Man, 34, suffers serious head injuries after assault in TallaghtMan, 34, suffers serious head injuries after assault in Tallaght

Great-grandfather left fighting for his life following unprovoked attack outside his homeGreat-grandfather left fighting for his life following unprovoked attack outside his home

Man, 21, in critical condition after 'serious assault' in Co Meath Man, 21, in critical condition after 'serious assault' in Co Meath

More in this Section

The Lotto results are in...The Lotto results are in...

Flight diverts to Shannon with suspected fire on boardFlight diverts to Shannon with suspected fire on board

Irish tug sails over a third of the way to Canada to tow crippled cargo ship to safetyIrish tug sails over a third of the way to Canada to tow crippled cargo ship to safety

Two arrested in connection with murder of Malcolm McKeownTwo arrested in connection with murder of Malcolm McKeown


Lifestyle

It will be tricky trying to see everybody at the huge Stradbally event next weekend, so Ed Power selects the ones you definitely shouldn’t miss.10 must-see acts at Electric Picnic

Dawn Behan owns Woodbine Books in Kilcullen, Co. Kildare.We Sell Books: ‘It’s lovely to see you are doing something right’

It hasn’t been the ideal summer for observing the skies, but as we move into September we live in that almost annual hope of an Indian summer, writes Niall Smith.Skymatters: Enjoy the last of the summer stars and check out 'Vega'

Actually the lights were on when I got dressed this morning, says Luke Rix-Standing.11 things you’ll only know if you have no sense of style

More From The Irish Examiner