European and American officers on Thursday stated they’ve arrested 20 individuals in a number of international locations suspected of belonging to a global ring that laundered hundreds of thousands of euros stolen by cybercriminals.
The operation, named “2BaGoldMule”, was coordinated by Europol. It was led by Portuguese investigators, in addition to the FBI. More than 40 houses had been searched by brokers in Spain, Italy, Bulgaria and Latvia, Europol stated.
Officials stated that the ring “QQAAZZ” allegedly included residents of Russia, Latvia, Georgia, Bulgaria, Romania, and Belgium, and laundered cybercriminals’ stolen funds, transferring them between lots of of financial institution accounts held in banks internationally.
“This operation has shown that through this cooperation we can collectively tackle the global nature of cybercrime. This is the only way forward”, stated Carlos Cabreiro, director of Portugal’s National Unit for Fighting Cybercrime.
The suspects face legal investigations within the United States, Portugal, Spain and the United Kingdom.