Asian Fraud Gang Laundered Millions Through Irish Banks

ANTI-FRAUD detectives in Dublin are working on dismantling a sophisticated gang of Asian criminals who laundered over €9 million through Irish banks.

Ireland’s An Garda Siochana police force has detained the suspected ringleader of an Asian fraud gang that stole over €10 million worldwide. Economic crime detectives say that the group laundered at least €9 million of their profits through banks in Ireland from crimes committed against victims worldwide.

Under Ireland’s anti-gang legislation, the 37-year-old suspected senior group member can be held longer than most criminals without charge. Gardai say they have seized €20,000 worth of luxury goods and electronics during a raid in the capital connected to the group.

Irish authorities have been working closely with their counterparts in Hong Kong, Indonesia, Britain, the Netherlands, and Interpol to dismantle the gang who carried out widescale cybercrime including business email compromises, invoice redirections, and romance frauds. 

Detectives busted an attempt by the gang to withdraw €3 million in from a Dublin bank, which they believe would be used to buy high-value goods that could be quickly resold to hide their money trails. It is so far unclear how deep the gang’s roots in Ireland are, though it is possible they believed the small country’s police force would be unable to trace their complex crime network.

Thank you for taking the time to read this news article “Asian Fraud Gang Laundered Millions Through Irish Banks”. For more UK daily news, Spanish daily news, and Global news stories, visit the Euro Weekly News home page.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Oisin Sweeney

Oisin is an Irish writer based in Seville, the sunny capital of Andalucia. After starting his working life as a bookseller, he moved into journalism and cut his teeth as a reporter at one of Ireland's biggest news websites. Since joining Euro Weekly News in November, he has enjoyed covering the latest stories from Seville, Spain and further afield - with special interests in crime, cybersecurity, and European politics. Anyone who can pronounce his name first try gets a free cerveza...


    Leave a comment

    Your email address will not be published.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