Money involved is then laundered through bank accounts set up in Ireland under false names
Gardaí from the Garda National Economic Crime Bureau, in conjunction with Europol, Eurojust and other EU Police forces, have been conducting an investigation into an Organised Crime Group involved in cyber based frauds including bogus online sales and accommodation frauds where people throughout the EU are duped into purchasing goods online but no goods are delivered.
The money involved is then laundered through bank accounts set up in Ireland under false names. It is estimated that in excess of €1.5m has been laundered through these accounts in the past year.
As part of this ongoing investigation previous arrests were made in Finland and Ireland.
Today (Wednesday), GNECB conducted 3 searches in the Dublin area.
False passports, details of false bank accounts, equipment (Laptops, phones, prints, laminators) suspected of use in the manufacture of these false passports along with an amount of cash was seized.
One male has been arrested under Section 72 of the Criminal Justice Act 2006 and he is currently detained under the provisions of Section 50 of the Criminal Justice Act 2007 at Coolock Garda Station.
This investigation is ongoing.