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On Wednesday, November 11, 2020, as a result of two ongoing investigations by the Criminal Assets Office (CAB), bank accounts containing more than € 260,000 were frozen.
The first investigation follows contact made with the Office on November 10, 2020 by a US federal agency investigating a company involved in the illegal manufacture of drugs contrary to US law. The United States Federal Agency, as part of its investigation, had identified an Irish bank account that was being used to receive funds as part of this crime and for transmission to a bank account in another country. The CAB launched an investigation in cooperation with the US agency and approximately € 150,000 was subsequently frozen in an Irish bank account.
The investigation is ongoing and is an example of the CAB’s work with its international law enforcement partners to deny and deprive criminals of assets, wherever they are found and are derived, directly or indirectly, from criminal activity.
The second investigation is part of the Office of Criminal Assets contribution to Operation Thor, targeting organized crime groups (OCG) involved in robberies and robberies across the country. Today’s shares are a continuation of the October 29 CAB trade, where searches were conducted in Dublin and Wicklow (see previous press release below).
The CAB investigations identified an additional bank account belonging to this particular OCG and as a result of your actions today an additional € 110.00 has been frozen, bringing the total frozen as part of this particular CAB investigation to € 358,000.
Today’s operation is seen as another significant advance in the investigation of the assets of this OCG.
Previous press release:
The Criminal Assets Bureau (CAB) conducted a search operation in Co. Dublin and Co. Wicklow today, Thursday, October 29, 2020, targeting the assets of members of an alleged organized criminal group based in Dublin and Wicklow.
The operation consisted of the search of two residential properties together with three professional premises.
The following items were seized:
• 201 Reg BMW 318
• Cash worth € 248,149 frozen in various bank accounts
• Cash worth € 11,800 and AU $ 4,000
• Rolex watch for men
• Rolex watch for women
• Selection of designer clothes.
Today’s operation is considered a significant advance in the CAB targeting organized crime gangs involved in the commission of rural crimes throughout the country.
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