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Legal
Department of Justice raised red flag over unnamed Asian businessman’s ‘very complex structures’ during an anti-money laundering investigation
An Asian billionaire’s plan to move $500 million (€455 million) in funds using an Irish company was halted after it was uncovered during an anti-money laundering investigation.
The unnamed Asian billionaire was moving the funds between companies in Ireland, Switzerland, Mauritius, the British Cayman islands and the British Virgin islands in 2021.
The anti-money laundering unit in the Department of Justice had questioned why the Asian billionaire was using “some very complex structures”, including a …
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