Wednesday April 1, 2020

Money-laundering reports have doubled

The number of suspected money-laundering offences in Ireland has doubled over the past two years.

22nd July, 2006

The number of suspected money-laundering offences in Ireland has doubled over the past two years.

Figures obtained by The Sunday Business Post reveal that more than 10,735 instances of suspected money laundering and tax evasion were reported to the authorities last year by banks, financial institutions and designated professionals, such as tax advisers and accountants.

This compares with 5,491 reports submitted in 2004, according to figures from the Garda Bureau of Fraud Investigation. There were just...

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