IRELAND: CAB ANNUAL REPORT – GANGLAND CRIMINALS OPTING FOR CHEAPER CARS TO FLY UNDER RADAR

The Irish Times on 5th July reported that many criminals involved in organised crime are now opting to drive lower-value, less ostentatious vehicles in a bid to avoid attracting attention, the Criminal Assets Bureau (CAB) has said.  The development comes after the law was changed to allow CAB to target assets valued as low as €5,000.  Before the amendment to the Proceeds of Crime Act, the threshold was €13,000.  CAB’s annual report said it not only seized vehicles but also targeted garages owned by criminals that were suspected of being used to launder and hide the proceeds of crime.

https://www.irishtimes.com/news/crime-and-law/gangland-criminals-opting-for-cheaper-cars-to-fly-under-radar-1.3555662?src=ilaw

The CAB Annual Report for 2017 is available at –

https://www.garda.ie/en/about-us/publications/annual%20reports/cab/cab-annual-report-2017.pdf

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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