We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

File photo. Niall Carson/PA Images
Criminal Assets Bureau

Over €260,000 frozen in Irish bank accounts following CAB operation

The money frozen today comes from two separate investigations conducted by the Criminal Assets Bureau.

THE CRIMINAL ASSETS Bureau (Cab) has frozen bank accounts containing over €260,000 as part of two separate investigations today. 

The first investigation relates to contact made to Cab yesterday by a US federal agency investigating a company involved in the illegal manufacture of drugs, contrary to US law.

The US agency had identified an Irish bank account that was being used to receive funds as part of this crime which was then forwarded to a bank account in another country.

An investigation was launched by Cab in cooperation with US authorities, and approximately €150,000 was subsequently frozen in an Irish bank account.

The second investigation is part of Cab’s contribution to Operation Thor, which targets organised crime groups involved in burglaries and thefts across the country. 

Today’s activity is a follow on from an operation on 29 October which saw a BMW, rolex watches, designer clothes and cash seized.

Cab’s investigation identified an additional bank account belonging to this particular organised crime group and action taken today has seen a further €110,000 frozen. The total amount frozen related to this investigation now stands at €358,000.

Today’s operation is seen as another significant development in the investigation into the assets of this organised crime group. 

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel