A financial adviser has revealed how he was involved in a conspiracy to launder €225million into the international banking system for the Kinahan cartel.
The man, known as Opel said the cartel led by Daniel Kinahan, 45, his father Christy Snr, 66, and Christy Jnr, 42, explored investing huge sums of money. In an interview with the Sunday Times, the man claimed that he was asked to launder around €60million but that shot up to €200million.
He put together a scheme where the Kinahans would transfer money from China to places including the Cayman Islands, Mauritius, the British Virgin Islands, Luxembourg, Malaysia and Holland.
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The man told the Sunday Times: “I never met the Kinahans. I thought they were ultra-high-net-worth clients of a guy I knew.
“My function was simply to set up banking schemes so they could invest substantial sums of money in various jurisdictions around the world... investments in art, wine, crypto, whiskey and stocks.”
But when the US Government announced sanctions against the Kinahans, this middleman went to ground and the money laundering plan went up in smoke.
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