A man in his late 20s has been arrested after a major search operation in Swords, Co Dublin, on Wednesday.
Gardaí attached to the Garda National Economic Crime Bureau (GNECB), conducted the search as part of an ongoing investigation into the fraudulent claiming of the Pandemic Unemployment Payment (PUP) and the laundering of the proceeds of international Business Email Compromise (BEC) frauds.
The value of money stolen as a result of the PUP fraud amounted to around €49,500.