More than £2.6m cash seized in 'money laundering' investigation

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• Posted by Peter Oakes

More than £2.6m of cash has been seized as part of a National Crime Agency (NCA) investigation into suspected money laundering in Newry.

The NCA said after searches of two businesses and two residential properties, a total of £882,695 and €1.055m (£902,000) was recovered by its officers as suspected criminal funds.

It said a further £692,140 and €223,490 (£191,028) had previously been seized by Police Service of Northern Ireland officers, working in partnership with the NCA, "in earlier disruptions".
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A 26-year-old man from Newry, who was arrested on 19 June, has been bailed as the investigation continues.

Source: ​https://www.bbc.com/news/articles/cy7n0ylk78ko