Europol is pursuing a family in Ireland, which is believed to have laundered up to 4 million euros from various places. The Criminal Assets Bureau (CAB) of the Irish National Police ordered a search of four homes and a business premises in Tipperary and Kilkenny. The investigation resulted in the seizure of 100.000 euros in cash, as well as a car worth 75.000 euros, according to Europol.
In addition, about 16 bankers "froze" accounts associated with members of the organized crime group, with the amounts contained in them amounting to 540.000 euros.
Europol claimed the seizures were possible because police in Ireland are enforcing one model "Deduction due to conviction", according to which the assets can be confiscated without the need for a previous criminal conviction. This means that assets and money believed to have been illegally obtained from criminal activities can be seized before being “laundered” by Criminals.
According to Infosecurity Magazine, she gang, who is not named, is believed to have made her money from illegal activities that took place across Europe.
Specifically, Europol noted the following: "In this case, the European Financial and Economic Crime Center of Europol (EFECC) gathered information provided by different countries to this same criminal network and put all the countries involved at one table. "The collaborators worked closely on this case to uncover the true magnitude of the gang's criminal activity and to develop a common strategy for the final phase of the investigation."
However, the action of the Irish family is a drop in the ocean. A leakage more than 2000 reports of suspicious activity (SAR) filed with the Financial Crimes Enforcement Network of government of USA (FinCEN) between 2000 and 2017, revealed $ 2 billion money laundering activity.
Also, a survey conducted by BAE Systems Applied Intelligence last year, revealed that most bankers customers they want their financial institution to do more to stop money laundering and related offenses. However, the lack of resources, the "outdated" technology, "bad" international cooperation and a "broken" regulator system constitute an obstacle to achieving this goal.
Finally, it is worth noting that according to his estimates ΟΗΕ, in 2020, about $ 4,5 million was laundered.