Ireland Bank worker jailed for laundering money for Black Axe crime gang
Funmi Abimbola (26), a bank worker of Rosses Court Terrace, Lucan, Co Dublin, provided bank accounts for money laundering between August 2018 and February 2021, and laundered money in 2022. The laundering linked to The Black Axe involved €121,000 taken from a Dublin solicitors' firm through invoice redirect fraud. He pleaded guilty at Dublin Circuit Criminal Court to four counts of money laundering and one count of assisting organised crime. Judge Pauline Codd imposed a five-year sentence with the final two years suspended, although the Irish Times reported that he was jailed for three years, and the sentencing was reported on 24 October 2024.
- Reportednot reported
- Arrestednot reported
- Chargednot reported
- In courtnot reported
- Verdictnot reported
- Sentenced24 Oct
Key facts
consolidated from all reports- What happened
- A bank worker, Funmi Abimbola (26), was jailed for money laundering and assisting organised crime.
- Where
- Abimbola is of Rosses Court Terrace, Lucan, Co Dublin.
- When
- He provided bank accounts for money laundering between August 2018 and February 2021, and the money laundering charges concern dates in 2022.
- Cause
- The offences relate to an international criminal organisation called The Black Axe.
- The laundering concerned €121,000 stolen from a Dublin solicitors' firm through invoice redirect fraud.
- Investigation
- Gardaí uncovered further unrelated money laundering offences during the investigation.
- Charges
- Abimbola pleaded guilty to four counts of money laundering.
- Abimbola pleaded guilty to one count of assisting organised crime by providing bank accounts for money laundering.
- In court
- The case was heard at Dublin Circuit Criminal Court before Judge Pauline Codd.
- Sentence
- Judge Pauline Codd imposed a five-year sentence with the final two years suspended, while the Irish Times report says he was jailed for three years.
- Other details
- The judge said Abimbola had expressed remorse and showed insight.
- In mitigation, the judge noted that his guilty plea had saved State resources.
- The Black Axe organisation recruits money mules, including a number in Ireland.
11 statements extracted from the articles
- whatA bank worker was jailed for three years for money laundering and assisting organised crime. (irishtimes.com)
- causeThe offences relate to an international criminal organisation called The Black Axe. (irishtimes.com)
- causeThe laundering related to €121,000 stolen from a Dublin solicitors' firm through invoice redirect fraud. (irishtimes.com)
- investigationGardaí uncovered further unrelated money laundering offences during the investigation. (irishtimes.com)
- chargeAbimbola pleaded guilty to four charges of money laundering on dates in 2022. (irishtimes.com)
- chargeAbimbola pleaded guilty to one count of assisting organised crime by providing bank accounts for money laundering between August 2018 and February 2021. (irishtimes.com)
- courtThe case was heard at Dublin Circuit Criminal Court. (irishtimes.com)
- sentenceJudge Pauline Codd imposed a five-year sentence but suspended the final two years. (irishtimes.com)
- otherThe judge said the accused had expressed remorse and showed insight. (irishtimes.com)
- otherIn mitigation, the judge noted his guilty plea had saved State resources. (irishtimes.com)
- otherThe Black Axe organisation recruits money mules, including a number in Ireland. (irishtimes.com)
The reporting
newest first- 24 Oct2024Bank worker jailed for laundering money for Black Axe international crime gang
First report of the sentencing of bank worker Funmi Abimbola for Black Axe-linked money laundering; no existing case covers this matter. Adds the Black Axe link, the solicitors' firm fraud and the sentence details.
convicted, Funmi Abimbola, 26, male, named, non-irish (judged from name)Funmi Abimbola