Two men arrested for suspected money laundering in two counties

Two men have been arrested for allegedly facilitating money laundering on behalf of an organised crime group after Gardai recovered bank notes made up of £185,000 and 48,700 in euros in Co Louth and Co Dublin.

The discovery – worth a total of more than 260,000 euros – was made by members of the Garda National Drugs and Organised Crime Bureau (GNDOCB) during searches of two residential properties and one business premises.

Several mobile phones were also discovered.

The men, both in their 20s, were arrested under 72 of the Criminal Justice Act 2006.

They are currently being held at a Dublin Garda Station under the provisions of Section 50 of the Criminal Justice Act 2007.

Gardai also intercepted a vehicle on Saturday shortly before 9pm in North County Dublin as part of their investigations into organised crime.