It is alleged that nearly €140,000 in money from invoice redirect frauds was laundered through his bank account.
A man in his late teens in Limerick has been arrested in relation to an international money laundering investigation.
Gardaí attached to the Garda National Economic Crime Bureau, with assistance from Gardaí in Henry Street Limerick, arrested the teenager on Thursday morning after a search was conducted.
He was arrested in relation to the ongoing investigation under Operation Skein and is currently detained at Henry Street Garda station under Section 50 of the Criminal Justice Act, 2007.
A Garda spokesperson said: "It is alleged that between the 20 July, 2020 and the 23 July, 2020, €139,211 was laundered through his bank account with the money being the proceeds of invoice redirect frauds in Russia, Slovakia, Taiwan, India and South Korea.
"This money was in the main transferred on to Turkey and Germany but there were transfers to accounts in Ireland and withdrawals in Ireland."
Gardaí have said investigations are ongoing.
