Huge rise in Northern Ireland money laundering crimes are highlighted
The profits from financial crime in Northern Ireland may run into "many millions of pounds a year," according to a firm of accountants.
Harbinson Mulholland said there had been a "huge increase" in money laundering and other financial crime over the past decade.
And in the UK, organised crime was costing over £20bn every year.
Brendan Dwyer, head of criminal and commercial forensic accounting at the firm, spoke ahead of a seminar on the subject which it is holding at Crumlin Road Gaol on November 6.
Mr Dwyer said: "The aim of this event, the first of its kind here, is to enhance understanding of the Proceeds of Crime Act, which contains the principal money laundering legislation in the UK, and how it works in practice." The event, Black Holes and Red Flags, is being run with Belfast Solicitors Association and The Bar Council.