THE CRIMINAL ASSETS Bureau seized over €4.8 million made from criminal activity in 2012.
CAB’s annual report, published today, shows that the bureau also seized €1.9 million under Revenue provisions and nearly €400,000 under Social Welfare laws.
During 2012, CAB brought 15 new proceedings were brought before the High Court under the Proceeds of Crime legislation.
As in previous years, the majority of the actions taken arise from the proceeds of drug trafficking.
In addition, actions were taken against people suspected of involvement in other forms of criminal conduct, most notably fraud offences.
The report says that the criminal activity is spread around the country, with a spread between rural and urban areas.
In total, CAB has now collected nearly €300 million since its establishment in 1996.
Speaking today, Justice Minister Alan Shatter paid tribute to the organisation.
“The Bureau is an essential component in the State’s law enforcement response to serious and organised crime and the government is fully committed to further strengthening its powers through future legislative reform.”
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