A Co Armagh car dealer has been fined £2,000 for taking large cash payments without the required money laundering registration.

Under the Money Laundering Regulations, businesses that receive cash equivalent to €10,000 or more must register with HM Revenue and Customs as high value dealers.

The dealer was found to have operated without this registration, resulting in the penalty.

Such enforcement actions are part of wider efforts to combat money laundering across Northern Ireland.