A 42-year-old man has been arrested on suspicion of money laundering following an investigation involving the Proceeds Of Crime Act (POCA).
The Financial Investigation Unit and other teams from Nottinghamshire Police enforced warrants at addresses in Nottingham and Mansfield on, Thursday, 16 July.
Police seized jewellery including high value watches and heavy metal chains, a large quantity of cash and a sum of gold.
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Detective Inspector Nikki Smith said: "I'm really pleased with our ability to use POCA to enforce this kind of action and seize cash and other items from people who are clearly living beyond their legitimate means.
“We are actively working to uncover anyone who is benefitting from crime in this way and ensure their assets are removed if derived from criminal conduct.”
The man has been released under investigation while enquiries are continuing.