Gardai seized €117,000 in cash, a vehicle and a rolex watch after storming a house in Co Dublin yesterday.
The raid took place at a property in the Coolock area of the city on Saturday.
Officers from the Garda National Drugs & Organised Crime Bureau carried out the bust with the support of the Garda Dog Unit.
During the search gardai found €117,000 in cash, along with one vehicle and a rolex watch.
A 35-year-old man was arrested at the scene on suspicion of involvement in a money laundering related offence.
He is currently being held at Coolock Garda Station under Section 4 of Criminal Justice Act.
Speaking this afternoon, Assistant Commissioner John O’Driscoll, head of Organised and Serious Crime, said: "We continue to target those causing most harm in our community.
"This seizure of a significant quantity of cash will, we believe, contribute to the disruption and potential ultimate dismantling of particular organised crime groups that we continue to target, building on earlier success achieved, in recent years."
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