CAB arrest seven people

SEVEN people were arrested on Tuesday as part of a Criminal Assets Bureau ( CAB) investigation into a criminal gang laundering money for another organised crime group.

Eleven sites within the Wicklow Division and Dublin Metropolitan Region were raided on Tuesday morning, comprised of three business premises and eight residential addresses.

Vehicles, high value goods and close to € 500,000 in cash were seized.

A further € 261,000 in funds were also frozen in Irish bank accounts.

The CAB conducted search operation is part of an ongoing intelligence led operation targeting foreign nationals involved in the laundering of the proceeds of crime, accumulated by Irish- based organised crime groups.

Seven people have been arrested for money laundering offences contrary to Section 7 of the Criminal Justice Money Laundering and Terrorist Financing Act, 2010 and are currently detained at Garda Stations across the Dublin Metropolitan Region.

The search operation was conducted by CAB, supported by the Emergency Response Unit ( ERU) and Regional Armed Support Units, and assisted by the Garda National Immigration Bureau ( GNIB), the Garda National Economic Crime Bureau ( GNECB), Garda National Protective Services Bureau ( GNPSB) and local District Detective Units.

A Cab spokesperson said: ‘ This operation marks a significant development in CAB’s ongoing investigation into a criminal network involved in the laundering of funds for a number of national and international organised crime groups.’