Two Kerry men admit to money laundering

Two Kerry men have pleaded guilty to money laundering offences dating back to 2016.

The Irish Examiner reports that the pair appeared before Cork Circuit Criminal Court.

53-year-old Michael O’Regan of 3 Monk’s Walk, Dennehy’s Boreen, Killarney faced two charges of money laundering and two relating to theft and fraud.

Mr O’Regan was accused of handling a stolen cheque worth €2,700 at Bank of Ireland, South Mall, Cork on August 11th 2016 and another stolen cheque for €4,800 at Bank of Ireland, Macroom the following day.

32-year-old John O’Regan from 16 Willow Grove, Killarney was accused of a single charge of concealing the source and ownership of property that was the proceeds of criminal conduct.

This related to €350 in cash at Bank of Ireland, Cork on July 28th 2016.

The Irish Examiner reports the case had been listed for trial but both men pleaded guilty.

The court heard the money came from an elderly woman for works but the money was obtained by a man not before the court.

Sentencing was adjourned until February 26th with the presiding judge saying both men should have compensation in court on that date.