Man arrested over suspected money laundering after gardaí seized €488,000

A man in his 30s has been arrested over suspected money laundering after gardaí seized €488,000 in cash from a truck near Dublin Port.

Gardaí from the Garda National Drugs and Organised Crime Bureau stopped a truck as it exited the Port Tunnel at Dublin Port, shortly after 8pm on Monday.

Some €488,000 in cash was found during a search of the truck and seized by gardaí. The search was part of an ongoing garda investigation targeting individuals believed to be involved in organised crime.

A 34-year-old man was arrested following the discovery of the large amount of cash in the vehicle.

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A Garda spokesman said the man had been arrested in connection with alleged involvement in a criminal organisation, and facilitating money laundering related to the suspected proceeds of drug trafficking.

The man is currently being held in Mountjoy Garda Station.

Detective Chief Superintendent Seamus Boland, head of the drugs and organised crime bureau, said the investigation was ongoing.

Det Chief Supt Boland said the bureau “will continue to prioritise the targeting of assets that are believed to be proceeds of crime, with a view to seizing the assets and initiating prosecutions in relation to those suspected to be engaged in money laundering and associated offences”.