A 19-year-old woman arrested in England is being held in a Belfast police station on suspicion of drugs trafficking and money laundering.
The woman was arrested following a planned search of property in the Kensington area. About £48,000 was seized during the search.
It is the third arrest in an operation in which cannabis worth £350,000 was seized.
Two women, aged 24 and 45, appeared at Laganside Magistrates Court on 4 July.
Police said the women were arrested following the seizure of cannabis in searches of properties in Belfast, Larne and County Down on 2 and 3 July.
Drugs trafficking: Third woman arrested after police searches
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