CAB raids on tech firm in Dublin

The Criminal Assets Bureau has frozen more than $500,000 (€406,000) in two bank accounts linked to an international tech company that allegedly created encrypted smartphones used by some of the world’s top crime bosses.

In its operation targeting Phantom Secure Technology, CAB carried out three searches of professional offices in Dublin on Tuesday.

This followed the freezing last Thursday of two bank accounts linked to the company, which contained over $500,000.