A convicted money launderer in Cork who has been linked in court to a major Irish drugs trafficker has been hit by the Criminal Assets Bureau. CAB officers searched his luxury holiday home along Caragh Lake in Co. Kerry as well as his own house in Cork. CAB suspect the man, now aged in his 50s, of money laundering, involving trading in a variety of cryptocurrencies. The court heard the target began laundering money for the organised crime gang this man was involved in. After local detectives moved in on the target, CAB became involved and obtained orders freezing both his and his late wife's bank accounts.

Source: Irish Examiner January 29, 2020 17:37 UTC