Admerin Beu was put under surveillance in Edinburgh by detectives and was watched leaving his work at a garage before driving to a poker club in Glasgow.
A bag which appeared to contain bundles of banknotes was taken into the club before Beu was seen leaving the premises with the bag.
Beu, 41, returned to a flat in the Capital’s Lochinvar Drive which he leased under the name of Ileano Sauro.
The High Court in Edinburgh heard yesterday that the following day, on November 23, police stopped a vehicle that was travelling to England in which Beu was a passenger. He had more than £700 on him. A further £2000 was found in the back seat, along with £38,000 in an airbag compartment and £15,000 in suitcases.
Advocate depute Stephen O’Rourke said the Crown accepted that Beu was acting as a courier for the cash which he was aware came from organised crime, but the money was not his.
Beu admitted being concerned in the supply of Class A drugs, possessing false documents and transferring criminal property.
Sentence was deferred on him until next month and he was remanded in custody.