The seizures were made across five premises.
€500,000 was seized by Gardaí across Dublin and Cavan on Sunday.
On 28 June 2020, personnel attached to the Garda National Drugs and Organised Crime Bureau within Organised and Serious Crime, undertook an intelligence-led operation involving the targeting of members of an organised crime group.
The group in question are suspected to be involved in large scale trafficking of controlled drugs and associated money laundering.
Over the course of the operation undertaken in Cavan and the northside of Dublin city, a total of five premises were searched, resulting in a quantity of cash, estimated to be not less than €500,000 being seized.
One 38-year-old male has been arrested and is currently detained in Navan Garda Station.
Speaking on Monday, Assistant Commissioner O’Driscoll, Organised and Serious Crime said: “This operation demonstrates the continued determination of An Garda Síochána to target organised crime through stopping the flow of money suspected to be proceeds of crime and which provides the motivation for organised crime groups to trade in drugs.”
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