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

NCA Multiple stacks of bank notes, in brown, blue and green, on display in front of a black and white sign saying NCA Belfast.NCA
The cash was seized as part of a National Crime Agency investigation into suspected money laundering in Newry

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".

A 26-year-old man from Newry, who was arrested on 19 June, has been bailed as the investigation continues.