Anti-Fraud & Financial Crime
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EU, Financial Crime

NEWS: Over 100 servers seized as EU targets investment fraud infrastructure

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NEWS: AI, digitalisation and better connected payments mean ‘worst still to come’ from fraud and online scams – FATF chief

By PAUL O’DONOGHUE, Senior Correspondent

EU officials have seized more than 100 servers and arrested seven suspects in an international operation targeting an investment fraud network, with potential victims in more than 50 countries.

Authorities from seven countries took part in the coordinated action on 3 November, supported by Europol and Eurojust. Investigators estimate that the scheme caused losses exceeding €4 million.

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OPINION: At AMLA’s hearing, the only thing heard loud and clear was the feedback

 Premium

LATEST: AMLA hearing exposes non-financial sector unease over new EU rules amid technical issues and out-of-scope questions

NEWS: AI, digitalisation and better connected payments mean ‘worst still to come’ from fraud and online scams – FATF chief

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