Man pleads guilty to possessing €71k cash under Money Laundering and Terrorist Financing Act

A man has pleaded guilty to possession of a large sum of cash under Money Laundering and Terrorist Financing legislation.

Man pleads guilty to possessing €71k cash under Money Laundering and Terrorist Financing Act

A man has pleaded guilty to possession of a large sum of cash under Money Laundering and Terrorist Financing legislation.

44-year-old Kenneth Moore, was arrested when Gardaí raided his farm at Portcrusha, Mountpeiller, Co Limerick, on June 12, 2013.

During the planned raid officers discovered €71,000 in a bag, as well as cannabis resin and plants worth over €37,000.

Mr Moore pleaded guilty, under the Criminal Justice Money Laundering and Terrorist Financing Act 2010, with engaging in possession of €71,000, and admitted the cash was the proceeds of crime.

He also pleaded guilty to possession for sale or supply of cannabis with a market value of more than €37,000.

Defence barrister Andrew Sexton told the court the defendant was "on bail", and, "involved in important matters that are of benefit to society".

Mr Moore will be back in court in March.

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