A number of Irish crime gangs, including those involved in the drugs trade, have been laundering money through a gang of Chinese criminals based in the Leinster area, gardaí believe. The Criminal Assets Bureau (Cab) led a significant series of co-ordinated searches against the suspects in the case on Tuesday in counties Wicklow and Dublin, with a total of 13 searches – five businesses and eight residential addresses. Gardaí suspect the Chinese-run money laundering network targeted in the raids has been receiving money from several Irish crime gangs and laundering it for them, through businesses, over a long period of time. The detectives involved in the raids were backed up by members of the Armed Support Unit and Emergency Response Unit. The seven suspects arrested on suspicion of money laundering were being held last night under Section 7 of the Criminal Justice Money Laundering and Terrorist Financing Act in Garda stations in Dublin and Wicklow.

Source: The Irish Times June 30, 2020 13:40 UTC