How money laundering has become big business in Ireland
For online fraudsters to be successful they need a web of bank accounts to first receive the money they steal and then to channel it, often out of the country.
Some people, often students, willingly let their bank accounts be used in exchange for a small sum of money. For others though, they have no choice, like the victim of sextortion before the courts this month who was blackmailed into letting his Revolut account be used by a crime gang.
Drug gangs still use bricks-and-mortar operations to launder money; businesses that are often cash based, from barbers to nail bars. But the volume of…
The skinny
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