No jail term for Newry money launderer Rory Trainor
A County Down businessman has walked free from court despite pleading guilty to a multi million pound money laundering operation.
Rory Trainor ran a bureau de change on the Old Dublin Road in Newry.
He admitted converting the proceeds of crime for several criminal gangs, primarily drug dealers.
In two and a half years his business handled over £63m much of it, according to HM Customs, was profit made by gangs north and south of the Irish border.
He also used a stolen identity to move money to bank accounts in Bulgaria.
A serious crime prevention order was imposed on Trainor and the judge deferred sentence for a year to see if he would comply with the conditions contained in that order.