December 1, 2020

Seven arrested, four cars seized, and more than €1m cash recovered in CAB’s Wicklow sting

More than €1m in money was recovered or frozen, four cars seized, and seven people arrested as a result of the Criminal Assets Bureau (CAB) operation in county Wicklow this week.

The planned CAB operation in Wicklow, as well as Dublin, is part of an ongoing intelligence led operation targeting foreign nationals involved in the laundering of the proceeds of crime, accumulated by Irish-based organised crime groups.

A total of 13 sites were searched, comprising of five business premises and eight residential addresses across the two counties.

CAB managed to recover €1,035,093 of which €733,499 was in cash and a further €301,594 was frozen in Irish bank accounts.

In addition to the money found, four cars were seized along with other high value items.

Seven people were arrested for money laundering offences contrary to Section 7 of the Criminal Justice Money Laundering and Terrorist Financing Act, 2010 and are currently detained at Garda Stations across the Dublin Metropolitan Region.

The operation was conducted by the Criminal Assets Bureau, supported by the Emergency Response Unit (ERU) and Regional Armed Support Units, and assisted by the Garda National Immigration Bureau (GNIB), the Garda National Economic Crime Bureau (GNECB), Garda National Protective Services Bureau (GNPSB) and local District Detective Units.

A garda spokesperson said: “This operation marks a significant development in the Criminal Assets Bureau’s ongoing investigation into a criminal network involved in the laundering of funds for a number of national and international organised crime groups.”


Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *