A man has been arrested in Dublin on suspicion of money laundering €2.8 million.

The 28-year-old was detained at a house on the northside of the capital this morning.

He is being held at Ballymun garda station under section 4 of the Criminal Justice Act.

The money has since been frozen under the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010.

Gardaí from the Garda National Economic Crime Bureau are continuing to investigate the case.