Gardai arrested two men in the capital on the 23rd of May as part of an investigation into money laundering.
Two men were arrested in Dublin this morning as part of an ongoing operation by the money laundering investigation unit at the garda National Economic Crime Bureau.
Both men are being detained under the provisions of section 4 of the Criminal Justice Act, 1984 as amended at Blanchardstown garda station.
The men are 31 and 67 years of age.
The two men were arrested as part of the unit's investigation into an invoice-redirection fraud, where a European-based company was induced into sending a VAT payment to the bank account of an individual instead of its true recipient.
It is believed that the database of the company, who were due to receive payment, had been the target of a malware attack that allowed the issuing of a request to change details of the true recipient's banking accounts.
Once the funds were received, there were a number of onward transactions both within and outside Ireland.
Funds in excess of €900,000 were recovered by gardai and the bank in question before they could be moved. It is not yet known how much money, if any, was lost during the scam.
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