Money laundering probe launched into Garda bank account

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July 9 2017

​A Garda bank account is to be investigated under money laundering legislation, as the controversy surrounding financial mismanagement within the force deepens.  The revelations come just months after the Dail’s high powered Public Accounts Committee (PAC) was informed that an audit of the Garda Training College in Templemore found there to be as many as 50 bank accounts associated with the college.  It was also disclosed that the number and complex switching of funds between them resulted in “a non-transparent system of accounting”.  The Central Bank says ​that it intends to deal with issues with a Garda bank account, based in the north Dublin branch between 1999 and 2010 under money laundering legislation.