An international fraud and cyber crime cartel, some of whom are based in Ireland, controlled more than 300 bank accounts in Ireland and has stolen at least €15 million, gardai believe. Financial documentsThe Garda has gone to the courts to secure orders to block any further activity on some of the accounts. Invoice redirect fraudGardai believe they are part of a wide network of west Africans engaged in invoice redirect fraud globally. And it appears much of the money stolen by fraudsters all over the world was sent to the cartel members based in Ireland so they could launder it. Some of the money was transferred between many bank accounts internationally, including China and west Africa, in the hope that no police force could track and find it to seize.

Source: The Irish Times September 06, 2018 09:43 UTC