Man charged with using Letterkenny bank accounts for money laundering
The Director of Public Prosecutions has directed that the 23-year-old man, who has an address in Dublin, be tried on indictment before the Circuit Court
A man has appeared in court charged with laundering money through two banks accounts at the Letterkenny branch of AIB bank.
Kaseem Balogun appeared at Letterkenny District Court before Judge Eiteain Cunningham on Monday. The 23-year-old, with an address in Dublin, faces two charges.
He is charged that on December 26, 2019, he did conspire with an unknown person to convert, transfer, handle, acquire or possess property being the proceeds of criminal conduct through an Allied Irish Bank account, in contravention of Section 7 of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010.
He is also charged that on December 28, 2019, he did conspire with an unknown person to convert, transfer, handle, acquire or possess property being the proceeds of criminal conduct through an Allied Irish Bank account, in contravention of Section 7 of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010.
Both charges are Contrary to Section 71 of the Criminal Justice Act, 2006.
Detective Garda Gerard McCready told the court that he arrested and charged Balogun but that he made no reply.
He also told the court that Gardai did not have a specific address for the accused and asked that one could be furnished to the.
Garda Sergeant Jim Collins told the court that the Director of Public Prosecutions had reviewed the case and directed that it should be tried by indictment.
The case was adjourned until Monday for the service of a book of evidence on Balogun.