ACT Police officers have seized more than $100,000 in cash and about 43 kilograms of cannabis during the search of two homes this week.

A search warrant was executed at a Palmerston property on Wednesday with officers locating a number of vacuum sealed bags containing the cash.

A second search of an unoccupied home in Yarralumla on Thursday uncovered sealed bags containing the drugs, estimated to be worth $300,000.

No charges have been laid as a result of the finds, with investigations ongoing.

police believe a crime syndicate is responsible.

Anyone with information is being urged to get in touch with police by contact Crime Stoppers on 1800 333 000.