November 4,2025
RED FM News Desk
German police announced on Tuesday that they carried out an internationally coordinated operation targeting alleged fraud and money laundering networks that compromised German payment service providers, causing damages worth hundreds of millions of euros.
According to the Federal Criminal Police Office (Bundeskriminalamt, or BKA), several arrests were made, and searches took place in Germany, Italy, Canada, Luxembourg, the Netherlands, Singapore, Spain, the United States, and Cyprus.
Authorities said the suspects are accused of using credit card information from victims in 193 countries. “There is also suspicion that the defendants infiltrated four major German payment service providers to process the fraudulent transactions,” the BKA stated.
The total damages are estimated to be in the mid-hundreds of millions of euros.
Officials are expected to release more information during a press conference on Wednesday.
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