Mohamed Imran Khan Sathar Khan, 36, who claimed to be living in Ilford, checked in four suitcases rammed with £10 and £20 notes as he arrived to catch a flight from Stansted airport in August last year has been ordered to hand over the money permanently.
He was stopped and later prosecuted after border guards became suspicious about his cases, which each weighed 20kg, and found the money inside.
Khan has already been jailed for three years and nine months by a judge at Chelmsford crown court after admitting two charges of money laundering. He was also convicted at trial for possessing criminal property and attempting to remove it.
Investigations have already revealed that Khan had made several previous trips to Dubai before he was arrested.
Now the cash has been confiscated after a judge at another court hearing approved an application by the National Crime Agency for a forfeiture order.
Hailing the successful application, Matt Rivers, from the agency, said: “The forfeiture order demonstrates our determination to remove the proceeds of crime from organised criminals. Over the past year we have investigated cash seizures at UK borders totalling more than £8 million.