Two men have been charged with money laundering offences by detectives from the Reactive and Organised Crime Branch of the PSNI.
The men, aged 30 and 32, were arrested following the seizure of more than £400,000 in cash after a truck was stopped on the Portadown Road in Armagh yesterday.
Cash of £215,000 and €225,000 was uncovered in a holdall, a backpack and a plastic bag in the cab of the vehicle.
During a follow-up search of a property in Armagh officers seized four high-value watches and other items.
Both men are due to appear before Craigavon Magistrates' Court today.