Financial deals probed by gardaí up 34%

The number of financial deals under investigation by gardaí for links to criminal activity has substantially increased.

Figures from the Department of Justice’s Anti-Money Laundering Compliance Unit (AMLCU) have revealed that, at the end of 2012, there was a 34% jump in the volume of suspicious transactions under active investigation.

These arose from irregular activities spotted by financial institutions, lawyers, the Revenue Commissioners, and certain businesses obliged to track deals covered under money laundering and terrorist financing laws.