7 Rolex watches, a GPS tracker, designer clothes, a Land Rover and a Nissan SUV have been seized following several raids in Dublin & Kildare.
This morning's operation was targeting an international crime gang involved in the sale and supply of drugs.
The seizures were made following 18 searches which were carried out this morning.
Documents, mobile phones, electronic storage devices and evidence of expensive homes in Dublin being bought have also been obtained and are being analysed.
A 36 year old man's been arrested on suspicion of money laundering and the operation is ongoing.
Gardai say it's a major upset to the network used by the organised crime gang to launder the proceeds of their drug dealing activities