Irish Police Bust €4M EU Money Laundering Ring

Law360, London (February 15, 2021, 1:28 PM GMT) -- Irish police have seized several properties and bank accounts of a family they claim has laundered more than €4 million ($4.8 million) in illicit funds in and out of the country.

Europe's law enforcement agency, Europol, said that the criminal asset division of the Irish police has seized €100,000 in cash and a car worth €75,000. Police have also frozen €540,000 in 16 different bank accounts. The assets are connected to a criminal gang believed to have laundered money made from illegal activity across Europe.

"International cooperation is essential for the successful recovery of assets hidden abroad," Europol said on Friday....

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