IRELAND: WEST AFRICAN ‘CASH WASH’ GANG RECRUITED UP TO 300 IMMIGRANTS IN LOW-PAID JOBS

The Irish Independent reported on 9th September that as many as 300 people mostly working in low-paid jobs in Ireland could have been recruited into an extensive money laundering network linked to West African criminals involved in cybercrime.  Garda fraud detectives have raided 15 homes and businesses in several countries and froze 350 bank accounts and believe the network had a 3-tier structure, with around 10 key figures at the top.   The value of the fraud has been put at €15 million but Gardai say this is a conservative estimate.  Gardai believe that the money is the proceeds of cyber frauds perpetrated in Ireland but mostly abroad, particularly involving ‘invoice redirection fraud’.

https://www.independent.ie/irish-news/crime/cash-wash-gang-recruited-up-to-300-immigrants-in-lowpaid-jobs-37296961.html

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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