Criminal Assets Bureau conducts searches targeting money laundering in the west

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The Criminal Assets Bureau and local Gardaí carried out multiple searches in the west of Ireland today, targeting alleged money laundering operations.

There were a total eight searches carried out in Sligo today, at five residential properties, one yard and shed, and two professional premises.

Documentation in relation to financial accounts, business activity and the ownership of assets was seized, along with electronic storage devices, and a small quantity of cannabis.

Gardaí say that more than €85,000 was frozen in financial accounts.

The operation involved the CAB, in conjunction with local Gardaí in the Sligo / Leitrim Division, and with the assistance of the Garda Dog Unit and the Revenue Custom Dog Unit.

The CAB investigation is focused on the assets and activities of persons believed to laundering money from criminal operations, and benefitting from them.

No arrests were made in connection with this operation, a statement from An Garda Síochána said.