Anti-Money Laundering: Couple sentenced over Money LaunderingJanuary 2021
A couple last month was sentenced at the Special Criminal Court for laundering almost €500,000 through five bank accounts over five years for the Kinahan Organised crime group.
A convicted drug dealer used two of his own bank accounts and three accounts belonging to his partner and the mother of his child. Through a search financial documentation showing the lodgements over a 5-year period indicated that 52 k was spent on airline tickets in three years.
Both parties were in receipt of employment income or social welfare but lodged over 342k more than their legitimate income.
By: Judy de Castro