Man arrested and counterfeit cigarettes seized in anti-dissident republican operation
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The 56-year-old is being questioned at Musgrave police station in Belfast.
Police said suspected Class A and Class B drugs and a quantity of cash were also seized for further examination on Wednesday.
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Hide AdDetective Chief Inspector Stuart Griffin said: “The arrest and searches carried out today are part of our ongoing investigation relating to fraud and money laundering activity involving significant sums of money, which we believe is being used to fund criminal behaviour linked to the New IRA.
“We will continue to use all tools at our disposal to reduce the threat posed by violent dissident republicans and I would encourage anyone with information in relation to the New IRA to contact police.”