IRELAND: CAB INVESTIGATION GIVES RARE INSIGHT INTO HOW BUSINESS OF CRIME WORKS

RTE on 4th August carried a feature saying that the investigations by the Criminal Assets Bureau into the financial dealings of the organised crime group led by Dublin man Liam Byrne give an insight into the business of crime at the highest level in Ireland; and strong connections to international criminality in the UK, Spain and the Netherlands.  It refers to businesses that do not operate as legitimate businesses should, and are in fact, are a cover for laundering money earned from crime.  This was facilitated by a system that operated through car dealerships and other businesses in Ireland and the UK.  The gang also used the mechanisms of the motor trade as “a trading and alternate currency system” and the cars and motorbikes represented currency among criminals and were moved between organised crime groups.  It looks at the gang’s drug smuggling into Ireland and VAT fraud in the UK.

https://www.rte.ie/news/2018/0803/982893-crime-liam-byrne/

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s