Sun, 29 Nov 2020

DUBLIN, Ireland - Ireland's Criminal Assets Bureau has carried out an investigation on behalf of a U.S. federal agency.

The U.S. agency was in the process of investigating a company involved in the illegal manufacture of drugs contrary to U,S. law. The agency, as part of its investigation, had identified an Irish bank account which was being used to receive funds as part of this crime and for onward transmission to a bank account in another country.

An investigation was commenced by CAB in cooperation with the U.S. agency and approximately €150,000 was subsequently frozen in an Irish bank account on Wednesday.

As part of a second investigation targeting organised crime groups (OCG) involved in burglaries and thefts across the country, CAB identified another bank account belonging to this particular OCG and as a result of their actions a further €110,00 has been frozen bringing the total frozen as part of this investigation to €260,000.

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