Two individuals have been arrested and documents and electronic devices seized by Cyprus authorities during the international operation “Chargeback”.
A coordinated Joint Action Day took place on November 4 under Operation “Chargeback” aimed at dismantling three major criminal networks involved in electronic fraud and money laundering. Cyprus was among the 193 countries participating.
The operation revealed that over 4.3 million cardholders worldwide were victimised, with estimated financial losses exceeding €300
