Two men were arrested and €300,000 was seized in Dublin yesterday.
The arrests were made as part of ongoing investigations targeting serious criminal activity in Dublin.
The arrests were made by the Garda National Drugs and Organised Crime Bureau after a planned search in Sandyford, Dublin.
Media reports state that the raid was targeting the Kinahan gang.
Gardaí investigating the Kinahan crime gang arrest two men and seize over €300,000 in cash along with money counting machines— RTÉ News (@rtenews) May 5, 2017
Along with the €300,000 cash, cash counting and packaging equipment was also seized.
It is understood the two men arrested are brothers and they are suspected of committing money laundering offences.
A man in his 30s is currently being detained at Blackrock Garda Station under provisions of Section 4 of the Criminal Justice Act.
Cash seized by Gardaí yesterday as part of an angoing operation pic.twitter.com/y4NeXHesVb— Garda Info (@gardainfo) May 5, 2017
A second man was arrested in Clondalkin after follow-up searches in the area.
He is also being detained under Section 4 of the Criminal Justice Act 1984.