International money-laundering investigation under way into Kinahan cartel assets
An international investigation is targeting the financial assets of the Kinahan organized crime group following the extradition of Daniel Kinahan from Dubai. Authorities from multiple countries are collaborating to seize assets linked to money laundering and tax evasion.
Why it matters
This investigation represents a significant cross-border effort to dismantle the financial infrastructure of a major international criminal organization.
An international money laundering investigation into the structure of the Dubai-headquartered Kinahan organisation is under way, The Irish Times has learned.
Gardaí are trying to build a better understanding of the assets owned by the organisation in an attempt to assist international police forces in seizing them.
As well as the An Garda Síochána, the inquiry involves law enforcement from Australia and agencies in Britain, Spain, the United States and the United Arab Emirates (UAE). The Garda has previously said the organisation was worth about €1 billion.
News of the inquiry comes less than two days after 49-year-old Daniel Kinahan was extradited from the UAE.
He was brought before the Special Criminal Court in Dublin on Sunday night after being flown by Government jet from Dubai. He has been charged with directing organised crime between October 2015 and April 2017.
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