Criminals have made around 1,000 transactions in other people's bank accounts to launder over 12-million euro since January.
The Banking and Payments Federation says fraudsters are on the hunt for young people to recruit as 'Money Mules'.
It involves moving stolen funds through bank accounts in an attempt to launder the money.
Director of Public Affairs at the BPFI Olivia Buckley says there are grave consequences for those people who engage with the gangs:
