Belfast: Almost 拢190,000 seized from man arrested in 2020
- Published
Almost 拢190,000 has been seized from a man arrested by police in north Belfast two and a half years ago.
A substantial amount of money was recovered when the 41-year-old was arrested in the West Bank Road area on 30 December 2020.
Following a proceeds of crime investigation, Laganside Magistrates' Court granted a聽forfeiture聽order of 拢189,416.72 in favour of the PSNI.
Police said some of the money would be used in local schemes and initiatives.
"Money laundering is often a critical enabler of organised criminality," Det Insp Dunne said.
"We believe that the majority of this money is derived from a range of criminal activity carried out by organised crime gangs.
"We, along with our partners, remain committed to robustly pursuing those who are involved in laundering criminally-derived money."