More than €200,000 in cash that the Kinahan gang were trying to launder has been seized by gardai.
The money, which consisted of at least 10 bundles of €50, €20 and €10 notes, was being processed by a west Dublin drugs gang working for the crime cartel.
The international mob was dealt a major blow at the weekend when officers from the Drugs and Organised Crime Bureau (DOCB) and the newly set up Special Crime Task Force searched a car on Fonthill Road, Liffey Valley.
The cash was found in a black bag in the boot. A 39-year-old man who was driving was arrested at the scene.
While investigations are continuing, gardai are satisfied that the Kinahan cartel was in the process of laundering the €200,000.
The arrested man is believed to have been transporting the cash as part of the underworld operation.
He is not considered to be a major player, and gardai believe he was being used by the cartel and west Dublin gang as part of the laundering process.
The seizure was made on Saturday afternoon.
The driver of the car was taken to Ronanstown Garda Station and was questioned for several hours before being released without charge.
It was the second significant seizure by the Special Crime Task Force in less than 24 hours after they recovered a Russian-made Baikal handgun on Botanic Avenue, Drumcondra, on Friday evening.
The gun is also believed to be connected to the Kinahan cartel.
The west Dublin gang has previously been targeted by members of the DOCB, who in the past month alone have seized more than €500,000 worth of cocaine from them.
The gang, based in Clondalkin, is led by a young criminal from the area and has become one of the biggest distributors of drugs in Ireland.
Senior members of the criminal group were close associates of Jason ‘Jay’ Carroll (39), who was shot dead in August 2013.
Carroll was suspected of being a money launderer for the Kinahan cartel and was a close friend of cartel head Daniel Kinahan (39).
Sources have revealed that Carroll’s associates have since taken over the Clondalkin patch that he once controlled.
The gang sources drugs from the cartel as well as laundering the proceeds of crime for it.
Local gardai as well as national units have been targeting the gang for some time.
One of its senior members is also a suspect in the murder of Dean Johnston in Clondalkin in August 2013.
Dean (21) had no involvement in criminality. The intended target was a hitman who is currently on remand in prison.
The Special Crime Task Force, made up of 44 gardai, has in the past week alone been involved in several raids targeting organised crime gangs and seized close to €2m worth of drugs.