Related Research Articles
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and Treason, and converting the funds into a seemingly legitimate source, usually through a front organization. As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate. Money laundering is ipso facto illegal; the acts generating the money almost always are themselves criminal in some way.
Gerard Hutch is an Irish criminal. He was the prime suspect for two of the biggest armed robberies in Irish history. Known for leading a "disciplined, ascetic lifestyle" since leaving prison in 1985, he was nicknamed "The Monk" by Irish Times journalist Harry McGee.
Anti-Money Laundering (AML) refers to a set of policies and practices to ensure that financial institutions and other regulated entities prevent, detect, and report financial crime and especially money laundering activities. Anti-Money Laundering is often paired with the action against terrorism financing, or Combating the Financing of Terrorism, using the acronym AML-CFT. In addition arrangements intended to ensure that banks and other relevant firms duly report suspicious transactions, the AML policy framework includes financial intelligence units and relevant law enforcement operations.
Financial crime is crime committed against property, involving the unlawful conversion of the ownership of property to one's own personal use and benefit. Financial crimes may involve fraud ; theft; scams or confidence tricks; tax evasion; bribery; sedition; embezzlement; identity theft; money laundering; and forgery and counterfeiting, including the production of counterfeit money and consumer goods.
A drug lord, drug baron, kingpin, or lord of drugs is a type of crime boss in charge of a drug trafficking network, organization, or enterprise.
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
A cryptocurrency tumbler or cryptocurrency mixing service is a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. This is usually done by pooling together source funds from multiple inputs for a large and random period of time, and then spitting them back out to destination addresses. As all the funds are lumped together and then distributed at random times, it is very difficult to trace exact coins. Tumblers have arisen to improve the anonymity of cryptocurrencies, usually bitcoin, since the digital currencies provide a public ledger of all transactions. Due to its goal of anonymity, tumblers have been used to money launder cryptocurrency.
Christopher Vincent Kinahan, Sr. is an Irish drug trafficker with convictions for ecstasy and heroin smuggling. He is the alleged leader of the Kinahan Organised Crime Group, which he runs with his two sons.
The Hutch–Kinahan feud is a major ongoing feud between two criminal organisations in Ireland that has resulted in the deaths of eighteen people, the majority of which have been perpetrated by the Kinahan family. The Hutch gang, led by Gerry Hutch, and the Kinahan Family, led by Daniel Kinahan, are the main participants.
MTK Global was a boxing and mixed martial arts management and event promotions company founded by Irish crime boss Daniel Kinahan and former professional boxer Matthew 'Mack the Knife' Macklin. Originally established in 2012 as Macklin's Gym Marbella (MGM), the undertaking has attracted controversy due to its links to the Kinahan cartel and related allegations of money laundering, and MTK Global announced its closure in April 2022.
Daniel Joseph Kinahan is an Irish boxing promoter and suspected crime boss. He has been named by the High Court of Ireland as a senior figure in organised crime on a global scale. The Criminal Assets Bureau has stated he "controlled and managed" the operations of the Kinahan Organised Crime Group, a criminal organisation which smuggles drugs and firearms into Ireland, the UK, and mainland Europe, and "has associations that facilitate international criminal activity in Europe, Asia, the Middle East, and South America".
Special Structure against Corruption and Organized Crime, SPAK is an independent judicial entity tasked with investigating corruption and organized crime at the highest levels of government and society in Albania. It consists of the National Bureau of Investigation, the Special Prosecution and the Special Courts. Τhe legal basis of the entity is Article 148/dh of the Constitution of the Republic of Albania and Law No. 95/2016 "On the organization and functioning of institutions for the fight against corruption and organized crime".
Thomas "Bomber" Kavanagh is an Irish criminal and a senior member of the Kinahan Organised Crime Group founded by Christy Kinahan.
Liam Byrne is an Irish criminal and member of the Byrne Organised Crime Group and the Kinahan Organised Crime Group founded by Christy Kinahan.
Declan Brady, also known as Mr Nobody, is an Irish criminal with convictions for possession of firearms and money laundering. He is a senior figure in the Kinahan Organised Crime Group founded by Christy Kinahan.
Hydra is a Russian language dark web marketplace, founded in 2015, that facilitated trafficking of illegal drugs, financial services including cryptocurrency tumbling for money laundering, exchange services between cryptocurrency and Russian rubles, and the sale of falsified documents and hacking services. Hydra was shut down by American and German law enforcement action in April 2022, and its operator was sentenced to life in prison by a Russian court in December 2024.
The Kinahan Organised Crime Group (KOCG), also known as the Kinahan Cartel, is a major Irish transnational organised crime syndicate alleged to be the most powerful in Ireland and one of the largest organised crime groups in the world. It is also established in the UK, Spain, and the United Arab Emirates. It was founded by Christy Kinahan in the 1990s. His eldest son Daniel manages the day-to-day operations of the family's criminal group. Estimated reports have credited them with wealth of up to €1 billion.
Tornado Cash is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks. It offers a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. This is a privacy tool used in EVM networks where all transactions are public by default.
The Hutch Organized Crime Gang (HOCG), also known as the Hutch Gang, is a criminal organization with a long history of illegal activities, primarily based in Ireland. Over the years, they have been involved in a range of criminal enterprises, including murders, drug trafficking, armed robberies, and property deals. The gang has operated not only in Ireland but also in Spain and the United Kingdom, amassing assets estimated to be as high as €20 million.
References
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Reynolds, Paul (2024-12-04). "Money laundering network used by Kinahan gang dismantled" . Retrieved 2024-12-05.
- 1 2 3 "Global investigation exposes alleged billion-dollar Russian money-laundering network". The Guardian . 2024-12-04. Retrieved 2024-12-05.
- 1 2 Lally, Conor (2024-12-04). "Kinahan cartel, Russian 'elites' and Kremlin linked to multibillion euro money laundering network". Irish Times . Retrieved 2024-12-05.