The Germany Federal Criminal Police Office has announced a sweeping international initiative to dismantle alleged fraud and money laundering operations impacting German payment service providers. The coordinated effort aims to combat illicit financial activities that have resulted in losses of hundreds of millions of euros.

This operation has led to the arrest of multiple suspects and involved searches across nine countries, including Germany, Italy, and the United States. These individuals are believed to have exploited credit card information from victims spanning 193 countries, according to authorities.

Suspicions have arisen regarding the defendants' involvement in compromising four significant German payment service providers to facilitate unauthorized payments. The damages incurred

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