Security News > 2020 > October > Cybercrime Money-launders Busted by European Police, FBI
European and American officials said Thursday that they have arrested 20 people in several countries for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals through malware schemes.
The international police operation "2BaGoldMule" led by Portuguese investigators and the FBI included 14 more European countries, under the umbrella of Europol.
The ring "QQAAZZ" allegedly laundered cybercriminals' stolen funds, transferring them between hundreds of bank accounts held in banks across the world, officials said.
The ring included citizens of Russia, Latvia, Georgia, Bulgaria, Romania, and Belgium, according to the U.S. Justice Department.
The ring laundered money stolen from victims in the U.S. and European countries.