Industry & Business

Online Fraud Exceeding €3 Million Halted in Ireland and Finland

 Breaking News
  • ASAI Issues New Guidelines For Advertising Mobile Phone and Broadband Services The Advertising Standards Authority for Ireland (ASAI), the independent self-regulatory body committed to promoting the highest standards of marketing communications in Ireland, has introduced new guidelines relating to the advertising of mobile phone and broadband services. The guidelines will complement the existing ASAI Code in ensuring that certain marketing terms used by telecommunications operators convey [...]...
  • Sustainable Apartment Living For Ireland A new report on sustainable apartment living in Ireland was launched by the Housing Agency and Clúid Housing. Amongst some of the reports findings and research were that apartment living has increased in the last few years and according to the report, the number of apartments in Ireland has increased by 85% between 2002 and [...]...
  • Brand New Campaign Showcasing Ireland’s Food and Drink Starts Fáilte Ireland’s Taste the Island campaign has gone live with a brand-new TV ad encouraging domestic holidaymakers to take a short break in Ireland to enjoy some of the 700+ food and drink related experiences on offer across this September, October and November. Taste the Island is a 12-week celebration of Ireland’s seasonal ingredients, adventurous tastes [...]...
  • Enet Expands its Data Centre Connectivity Portfolio Across Dublin Enet, Ireland’s largest wholesale, open-access network provider, has added six more data centres across Dublin to its national network. The additional data centres allow it to offer more options when it comes to dark fibre and managed bandwidth to its customers, and will result in increased connectivity for consumers. Enet is now connected to 25 data [...]...
  • ACCA and Bank of Ireland Issue Warning Amid Foreign Currency Fluctuations Many Irish companies that deal in foreign currency are exposing their businesses to significant and unnecessary profitability risks due to a lack of consideration of appropriate hedging within their organisations. That’s the message from the Association of Chartered Certified Accountants (ACCA) and Bank of Ireland who have launched a new programme to support businesses in [...]...

Online Fraud Exceeding €3 Million Halted in Ireland and Finland

Online Fraud Exceeding €3 Million Halted in Ireland and Finland
July 25
12:54 2019

An organised crime group involved in extended online fraud and money laundering in several European countries was targeted by the Irish and Finish national authorities with Eurojust’s support. A coordinated investigative and prosecutorial strategy was agreed at Eurojust, which enabled the speedy execution of mutual legal assistance requests between the countries concerned to advance their investigations, as well as the collection and exchange of evidence to ensure solid prosecution.

Three suspects were convicted in Finland for aggravated money laundering and forgery, with sentences of between 1 year and 2 years and 3 months. Another nine suspects were arrested in Ireland. Five people were charged, one of whom pleaded guilty. The remaining four were remanded in custody pending trial. The estimated amount of the illegal proceeds laundered by the criminal group exceeds €3 million.

The members of the organised crime group (OCG) used fabricated online platforms to offer to unknowing customers non-existent goods, including luxury cars, tractors, expensive jewellery and watches, or services, such as accommodation. To receive the online payments from the victims, the criminals created numerous bank accounts in Ireland and Finland, using forged documentation, inter alia identity cards, passports, working permits, rental contracts and utility bills. When the transactions were concluded, the suspects transferred the payments to other bank accounts and withdrew the money from cashpoints in various European countries.

Following several searches by the Garda Síochána and the Finnish Border Guard and Police in both countries, a large number of items were seized, including fake documentation, equipment for document forgery, laptops and cash. Europol assisted the national authorities in the cross-checking of data and identification of the victims of the fraud.

The OCG members are suspected of participation in a criminal organisation, fraud, money laundering, forgery of documents and registration offences. The national investigations are ongoing.

About Author

mike

mike

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4