The money was laundered via bank accounts based in Ireland.
A 25-year-old woman has been arrested as part of a major Gardaí operation relating to a criminal organisation that has stolen over €18 million worldwide.
Gardaí attached to the Garda National Economic Crime Bureau (GNECB) arrested the woman on Friday morning as part of Operation SKEIN, which concerns an investigation into international BEC/invoice redirect fraud being committed from Ireland and the laundering of proceeds through various bank accounts.
It is estimated that the vast majority of the stolen €18 million has been laundered via bank accounts based in Ireland.
She was arrested for offences contrary to Section 72 of the Criminal Justice Act, 2006.
The woman is currently being detained under Section 50 of the Criminal Justice Act, 2007, at Ronanstown Garda Station.
She can be detained for up to seven days.
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