The German federal police coordinated an international operation against fraud and money laundering, arresting several individuals in various countries.

The German federal police announced a large-scale international operation against organized crime networks specialized in fraud and money laundering, which have caused estimated damages of hundreds of millions of euros.

As part of this action, several individuals have been arrested and searches have taken place in countries such as Canada, Cyprus, Germany, Italy, Luxembourg, the Netherlands, Singapore, Spain, and the USA. German authorities stated that the suspects are accused of using credit card details belonging to individuals from 193 countries, thus compromising four major German payment service providers. Additional details will be presented at a press conference scheduled for Wednesday.