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The Journal
14-05-2025
- The Journal
Judge gives gardaí 10 weeks to prepare evidence in €14m 'darknet' crypto case
A JUDGE HAS granted gardaí 10 weeks to complete the book of evidence for the trial of a Dublin man accused of aiding a 'darknet' criminal organisation to launder €14m in cryptocurrency. Kevin Daniel Andrei, 24, of Drynam Avenue, Swords, was charged in August with three counts of possessing close to €600,000 in crime earnings under section seven of the Criminal Justice (Money Laundering & Terrorist Financing). It follows a Garda National Cyber Crime Bureau (GNCCB) probe. Last week, Andrei was further charged with two extra offences: money laundering involving €13,745,756 proceeds of criminal conduct and facilitating 'darknet market' organised crime. Detective Ciaran Byrne said the Director of Public Prosecutions had also directed trial on indictment. He has been granted bail and appeared again at Dublin District Court today when defence solicitor Kate McGhee consented to a prosecution request for an adjournment. Advertisement Judge Kelly ordered the accused to appear again on 25 July to be served with the book of evidence and sent forward for trial to a higher court. He has yet to indicate a plea. In the original three charges, he was accused of 'concealing and disguising the true nature and source of 65 Wirex transactions' totalling €22,049 between 3 March 2021 and 5 September 2022, at various locations. According to another charge, between 26 February 2021 and 26 February 2024, he engaged in 'concealing and disguising the true nature and source of 1,822 Revolut transactions that were the proceeds of criminal conduct,' valued at €227,429. The third claims he disguised the true nature and source of 422 separate Binance transactions worth €341,959 between 21 March 2021 and 20 December 2023 at various places in Ireland. He has surrendered his passport and has to sign on three days a week at his local garda station. He must not apply for a replacement passport or new travel documents, and has to reside at his current address, and always be contactable. Andrei has also been warned 'not to carry out any cryptocurrency transactions' or comment about the case on public forums, including social media.
The Irish Sun
07-05-2025
- The Irish Sun
Dubliner, 24, set for trial accused of helping ‘darknet market' gang launder €14m in cryptocurrency criminal proceeds
A DUBLIN man is to stand trial accused of aiding a 'darknet' criminal organisation in laundering €14m in cryptocurrency crime proceeds. Kevin Daniel Andrei, 24, of Drynam Avenue, Advertisement It follows a Garda National Cyber Crime Bureau (GNCCB) probe. In January, a judge set today as the deadline for the investigation team to obtain directions from the Director of Public Prosecutions. Mr Andrei, who had been on bail, appeared before Judge Miriam Walsh at Cloverhill District Court. He was charged with two extra offences: Advertisement Read more in News Detective Ciaran Byrne said the DPP had also directed trial on indictment. Mr Andrei was briefly remanded in custody because the District Court can't grant bail for the organised crime-related charge. Defence solicitor Kate McGhee moved an immediate application in the Cloverhill High Court bail list. There was no Advertisement Most read in Irish News Prosecutors must complete a book of evidence and serve it on him before he can be returned to the Circuit Court for trial. He has yet to indicate a plea. In the original three charges, he was accused of 'concealing and disguising the true nature and source of 65 Wirex transactions' totalling €22,049 between March 3, 2021, and September 5, 2022, at various locations. According to another charge, between February 26, 2021, and February 26, 2024, he engaged in 'concealing and disguising the true nature and source of 1,822 Advertisement The third claims he disguised the true nature and source of 422 separate Binance transactions worth €341,959 between March 21, 2021, and December 20, 2023, at various places in Ireland. He has surrendered his passport, has to sign on three days a week at his local garda station, not to apply for a replacement passport or new travel documents, reside at his current address, and always be contactable. Mr Andrei has also been warned 'not to carry out any cryptocurrency transactions' or comment about the case on public forums, including 1 Kevin Daniel Andrei was charged in August with three counts of possessing close to €600,000 in crime earnings Credit: Advertisement
Yahoo
07-03-2025
- Business
- Yahoo
Wirex gains digital currency exchange status in Australia
Wirex, a UK-based Web3 money app, has secured registration as a digital currency exchange provider in Australia. The move enables the firm to offer digital currency exchange services within the country. This registration is aimed at enhancing user experience with crypto payments and digital asset management. The digital currency exchange registration confirms that Wirex complies with Australian regulatory reporting requirements, the release stated. These requirements are in place to prevent financial crimes such as money laundering and fraud. With this approval, Wirex is anticipated to enhance its offerings for the Australian market, expanding its services within a structured regulatory environment. Wirex global chief risk & compliance officer Chet Shah said: "Regulatory compliance is a cornerstone of Wirex's operations. Securing digital currency exchange registration in Australia underscores our commitment to fostering a safe and transparent digital finance ecosystem. As we continue expanding globally, we remain dedicated to working with regulators to balance innovation with strong consumer protection." Last month, Wirex launched its stablecoin payment platform, Wirex Pay, in the US, supported by a tie-up with stablecoin orchestration platform Bridge. Serving over six million customers across 130 countries, Wirex has processed transactions worth $20bn to date. The firm focuses on driving the adoption of digital payments globally. It offers secure accounts that enable users to store, buy, and exchange multiple currencies and is a principal member of Visa and Mastercard. "Wirex gains digital currency exchange status in Australia " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
