MindGeek has set up several Irish subsidiaries since 2012 according to the Business Post.

The parent company of a major pornographic website which allegedly hosted videos of human trafficking victims and children being sexual abused has funnelled almost €1.5 billion in revenue through their Irish subsidiaries.

The Business Post reports that MindGeek, which owns numerous high-profile pornography sites including Pornhub, began registering Irish subsidiaries in 2012.

Pornhub has been the subject of intense criticism recently after the New York Times revealed several young people had tried to have videos of themselves removed from the site, with the issue of revenge porn, human trafficking and child rape taking centre stage.

Columnist Nicholas Kristof claims Pornhub “monetises child rapes, revenge pornography, spy cam videos of women showering, racist and misogynist content, and footage of women being asphyxiated in plastic bags”.

Mastercard and a number of other payment platforms cut ties with Pornhub over the controversy, blocking customers from using their cards on the site, following separate investigations into the claims.

“The use of our cards at Pornhub is being terminated. Our investigation over the past several days has confirmed violations of our standards prohibiting unlawful content on their site,” Mastercard said in a statement.

“As a result, and in accordance with our policies, we instructed the financial institutions that connect the site to our network to terminate acceptance.”

Visa meanwhile have suspended their services to MindGeek as their investigation into the alleged content continues.

“Given the allegations of illegal activity, Visa is suspending Pornhub’s acceptance privileges pending the completion of our ongoing investigation,” Visa told CNN Business.

“We are instructing the financial institutions who serve MindGeek to suspend processing of payments through the Visa network.”

Prior to the scandal, PayPal had announced it would no longer allow transactions on the site.

For its part, Pornhub denies that it hosts videos of child rape, but did commit to banning content from unverified sources, insisting that it remains opposed to any illegal content.

The Business Post reports that some of the advertising revenue from Pornhub’s substantial website traffic runs through their Irish subsidaries, whilst subscription charges make up the largest share of the €1.5bn run through Ireland.