Over £5m Cash Seized in Coordinated Money Laundering Raids in Bermuda, Newry

Authorities in Bermuda and Northern Ireland have recently seized large sums of cash suspected to be linked to money laundering operations. In Bermuda, a joint operation involving the Bermuda Police Service, Customs, and the Royal Bermuda Regiment Coastguard led to the arrest of a US national and the confiscation of a vessel and significant cash, aiming to dismantle a money laundering network and protect national security. Meanwhile, in Newry, over £2.6 million in cash, including euros and sterling, was seized following raids on two business premises and two residential properties as part of a National Crime Agency investigation. A 26-year-old man was arrested and bailed as investigations continue, with authorities emphasizing the ongoing effort to make the UK hostile to money launderers. Both operations highlight strong inter-agency cooperation and coordinated intelligence efforts to disrupt organized crime and protect financial systems. Officials underscored the social and economic harm caused by money laundering and the commitment to uphold international standards in combating these illicit activities.