A man is due in court as part of a 1.5 million euro money laundering investigation.
It follows a two month operation by the Garda National Economic Crime Bureau.
Gardaí say as part of this investigation they observed amounts of between €20,000 to €40,000 being lodged in €50 notes almost every day.
They were lodged into automatic lodgement machines in banks using another person’s card.
Once lodged, the money was immediately transferred outside the country.
A man in his 20s was arrested and brought to Store Street Garda Station for questioning.
He has now been charged and is due in court in Dublin this morning.