Tag Archives: money laundering

CLARE students are being warned about the “serious impact” of becoming a ‘money mule’ . A Money Mule is a person who transfers money illegally on behalf of other people. “They allow their account to be used for the transfer of ill-gotten gains. They may or may not be aware of the crime. However, they are complicit if they recklessly allow their account to be used to launder the proceeds of these crimes,” explains Crime Prevention Officer Sergeant Triona Brooks. Students are often targeted by organised crime gangs to act as money mules, laundering thousands of euro through their accounts in exchange for a few hundred euro, she outlines. “Anti-money laundering legislation is designed to prevent organised crime gang members from opening up accounts so they need money mules to launder their money. Students are an easy target for these “money herders”. “They are often approached online, on campus, or while out socialising.” She advises: do not allow anyone to …

Gardai from the Clare Garda Division are involved in a major search operation across counties Limerick, Clare and Tipperary targeting organised criminality in Limerick City and its environs. Currently nine people are in custody in relation to this operation. As part of Operation Coronation, in excess of 170 members of gardaí from Limerick, Clare and Tipperary Divisions supported by the Criminal Assets Bureau, Drugs and Organised Crime Bureau, the National Bureau of Criminal Investigation, the Emergency Response Unit, the Armed Response Unit and Regional Dog Unit commenced a search operation at over 60 premises this morning at 6am. The operation is also supported by three teams of  Irish Army Search Engineers, the Army EOD team and the Army Helicopter. Operation Coronation is targeting organised extended criminality, drug trafficking and the financial returns achieved from this type of activity through money laundering. This operation is being co-ordinated by Limerick Gardaí to address the accumulation of wealth by those engaged in serious …