Photograph: SeongJoon Cho/BloombergA man and a woman charged in connection with an international money laundering operation, in which €21 million was allegedly transferred through online bank and cryptocurrency accounts, have been denied bail. A German national had €10,000 transferred from his bank to a Paytend digital bank account of Mr Wang. The detectives outlined how the two accused were unemployed but there was just more than €7 million in their accounts. Gardaí identified €14.7 million in cryptocurrency wallets, of which €4.4 million has been seized or frozen by the investigation team. The couple, who listened to the proceedings with the aid of a Mandarin interpreter, have yet to indicate a plea.

Source: The Irish Times November 17, 2024 07:23 UTC