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MINISTER FOR FINANCE Michael Noonan has said that groups with ties to Al-Qaeda have had more than €1.1 million frozen in bank accounts in Ireland.
He also confirmed that around €1.5 billion of funds owned by entities linked to Libya were frozen in several Irish bank accounts.
There was also money linked to groups in Iran, Syria, Somalia and North Korea either frozen, blocked or refused in Ireland
Noonan was responding to a written Dáil question from Fianna Fáil’s Michael McGrath.
McGrath had asked for a breakdown by financial institution of the accounts frozen here, but Noonan said the Central Bank had advised that it was not possible to do so because of confidentiality laws.
Ireland was complying with EU directives on this issue, the Minister added.
He said: “EU Regulations commonly include an obligation for funds and other assets to be frozen without delay and not made available to listed sanctioned individuals or entities.”
The Central Bank is the body in charge of enforcing these financial sanctions, and failure to comply with the EU’s regulations is met with what Noonan called “appropriate penalties”.
The figures provided by Noonan were correct as of the end of 2016.
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Somebody’s weekend is fcuked
Mine an all
As there was a potential loss of €9000 does that mean that the price of cigarettes is 75% tax?
Yes… if not more!
As little as €15 per 200 fags in Lanzarote. Nearly €10 per 10 here… ;)
So 3,000 euro of vodka would make 14,000 euro for the government. How are we in debt with economics like that?
So its real cash, real cigarettes and counterfeit Vodka! I’d never have guessed them in that order.
As I said before. Legal, regulated and taxed. And still criminals smuggle them.
Because of the crazy amount of tax !!
And you think weed won’t be any different?
And you think legalized Drugs would be any less taxed? And that criminals would say ho hum pack up and do something else?
Sh*t… Where will I get my counterfeit vodka now?
Never thought I’d say this but I’m off to louth
Its the bleary eyes and cough that gives the smugglers away each time.
What happens to the cash in these situations?
After the trial. And if there is a conviction the money goes to the Government as its proceeds of crime.
Balbriggan garda station, for safe keeping.:)
Rats out
Does it not go to the CAB Mick if its the proceeds of crime,I for one wouldn’t go near real vodka never mind counterfeit vodka meant to full of nasty chemicals,I no of students that I no over in England that drink it because its £5 a bottle and been a student they have no choice to buy and drink it cuz there on a tight budget,over there the off licence sells it to you from under the counter,everything is mostly counterfeit these days because theres a demand for it,and the government taxes the ass out of everything that moves its the governments fault as well partly cuz the more they keep taxing the more demand for counterfeit goods,that’s my opinion on it,sure there selling counterfeit chainsaws which are dangerous at the best of times,anyways that’s my rant over goodbye……….
The gathering cancelled
Looking at that money I wish I could get a loan :)
I hate you
Um.. What exactly is counterfeit vodka?
Are you taking the piss?
Is it paint thinner or something? Cuz they sell that in Tesco and call it value vodka..
Hi Rayne, apparently it’s homemade madness. Meth spirits and all sorts in it, probably some vodka too just to ‘water’ it down so to speak. You hear stories of lads going blind and getting very, very sick from a sesh on this stuff. I know some Eastern European pals who were telling me about the vats of stuff that would be made back home. Wild.
Yup that vodka is extremely dangerous its well known in Russia.
You can be sure that cash will not be secure in a garda safe.
The vodka is rot gutt!
Is the headline name what Charlie sheen eats for his breakfast?
Congratulations must go again to the Gardai who have again kicked carreer criminals where it hurts. Hopefully there wil be many many more similar seizures.
Ah jasus give us a break , I’m back on the Rollie’s now and will be forced to drink turps again after this bust .
This shite is killing me .
have your say