Seven people have been arrested for money laundering offences following an operation in Dublin and Wicklow.

The Criminal Assets Bureau (CAB) conducted a search on Tuesday morning, as part of an ongoing intelligence-led operation targeting foreign nationals involved in the laundering of the proceeds of crime.

Eleven sites were searched: three business premises and eight residential addresses.

Vehicles, high value goods and €449,000 in cash were seized.

A further €261,000 in funds were also frozen in Irish bank accounts.

Seven people have been arrested for money laundering offences contrary to Section 7 of the Criminal Justice Money Laundering and Terrorist Financing Act.

They are being detained at Garda stations across Dublin.

The search operation was conducted by the CAB, supported by the Emergency Response Unit (ERU) and Regional Armed Support Units.

They were also assisted by the Garda National Immigration Bureau (GNIB), the Garda National Economic Crime Bureau (GNECB), Garda National Protective Services Bureau (GNPSB) and local District Detective Units.