23 Sep 2016
The United States has moved against what it describes as a major international money laundering network which has operations based in Ireland.
The PacNet group, a Canadian international payments processor, was allegedly clearing money based on scams targetting elderly and vulnerable victims involving fake lottery wins, sweepstakes and letters from psychics.
The US Treasury Department claims that the PacNet Group – with addresses in Co Clare, Canada and the UK, and subsidiaries in 15 other countries around the world including Hong Kong, Mumbai and Johannesburg – has “a lengthy history of money laundering”.
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