Limerick teenager arrested in relation to international money laundering probe

ireland
Limerick Teenager Arrested In Relation To International Money Laundering Probe
It is alleged that €139,211 was laundered through the man’s bank account.
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A teenager has been arrested in Limerick in relation to an international money laundering probe.

The man, aged in his late teens, was arrested this morning by gardaí attached to the Garda National Economic Crime Bureau, with assistance from gardaí in Henry Street Limerick, after a search by carried out in the county.

The man was arrested in relation to an ongoing investigation called Operation SKEIN, and is currently detained at Henry Street Garda station under Section 50 of the Criminal Justice Act, 2007.

It is alleged that €139,211 was laundered through the man’s bank account between July 20th and July 23rd of 2020, with the money being the proceeds of invoice redirect frauds in Russia, Slovakia, Taiwan, India and South Korea.

The money was in the main transferred on to Turkey and Germany, but there were also transfers to accounts and withdrawals in Ireland.

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Gardaí said investigations are continuing.

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