More on PacNet: Man accused in US of flying money-laundered cash into Shannon Airport

The Irish Times on 22 June carried an article saying that a British man, Robert Paul Davis, is accused of flying large sums of cash into Shannon Airport on an aircraft in an alleged scheme to money-launder tens of millions of euro made from mass-mail fraud campaigns.  He, along with 3 other executives of Canadian-Irish payment-processing group PacNet Services has been charged by US prosecutors in Nevada in an alleged fraud. PacNet is alleged to have served as the middleman between banks and fraudulent mailers by collecting payments from the victims, depositing the cash into its bank accounts and then distributing the funds.  It says that the Criminal Assets Bureau (CAB) in Ireland has been investigating PacNet since 2016. Davis is accused of flying a PacNet aircraft on several occasions to pick up cash for a fraudulent PacNet mass-mail client from a caging service in the Netherlands and flying back to Ireland with the cash.  PacNet stopped processing payments in September 2016 when the US designated it a “significant transnational criminal organisation,” froze some of its assets and filed related criminal and civil charges against other defendants – but that designation was removed in October 2017.

https://www.irishtimes.com/business/man-accused-in-us-of-flying-money-laundered-cash-into-shannon-1.3933620

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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