Man arrested as part of ongoing investigation into account takeover and money laundering

A man was arrested yesterday in the Dublin 24 area as part of an ongoing investigation being conducted by the Garda National Economic Crime Bureau (GNECB) into sim-swapping, account takeover and money laundering.

A spokesperson for the Gardaí said: “As part of an extensive Garda investigation into fraudulent sim swap attacks targeting customers of an Irish commercial bank which incurred losses of approximately €200,000 and for which a man has been charged and convicted, Gardaí at GNECB identified a supplier of SIM cards used to facilitate smishing/sim swap fraud.

“On the morning of Thursday, 25th August, 2022, Gardaí from GNECB conducted a search at a residence in the Tallaght area of Dublin 24 where they arrested a man as part of this investigation.”

The man, aged 27, is currently being detained at Clondalkin Garda Station under Section 50 of the Criminal Justice Act, 2007.

Investigations are ongoing.