The UK has severed all financial ties with Iranian banks in an unprecedented move in response to mounting fears over the country’s nuclear ambitions.

NEW legislation to prevent funding for terrorists is to be given high priority when the Dáil returns in the autumn.

CRIMINALS are increasingly using football for money laundering and tax evasion, helped by the globalisation of the sport and financial needs of clubs, an anti-corruption body said yesterday.

FEW people have been prosecuted for money laundering in Ireland, despite the existence of powerful legislation, according to an international study.

Irish casinos could be used for money laundering and terrorist financing due to a lack of regulation, an international task force warned tonight.

BUILDERS, bookmakers and garages are among a range of businesses to be targeted under tough new money laundering proposals drawn up by the European Commission.