A 33-year-old man has been charged with two counts of money laundering, including having over £3m which is alleged to be proceeds of the Northern Bank robbery in December 2004.
Timothy John Cunningham, of Churchview, Farran, Co Cork, was arrested in Cork city this morning and appeared before the district court.
He was remanded on bail, to appear again before the court next Wednesday.
The court was told that when charged and cautioned Mr Cunningham made no reply.
The prosecution applied to have Mr Cunningham remanded in custody with consent to bail, to appear again for serving of the book of evidence which it said ran to 1,000 pages.
Mr Cunningham's solicitor Frank Buttimer said he had no objection.
Judge Uinsin MacGruairc granted the application and Mr Cunningham was released on his own bond of €50,000 and an independent surety of €8,000.
Mr Cunningham is charged with transferring £200,000 on 21 January 2005, knowing or believing it to be the proceeds of the Northern Bank robbery.
He is also charged that on dates between 20 December 2004 and 16 February 2005 he possessed £3,010.380, knowing or believing that it represented the proceeds of the robbery at the Northern Bank.
Over £20m was stolen in the raid at the bank's headquarters in Belfast on 20 December 2004.
