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Organized Crime Groups Using Stolen Bank Details for International Travel: Europol

By Manju Manglani

Crime syndicates are using credit card records acquired from bank hackers to buy airline tickets for narcotics smugglers, human traffickers and other criminals, a senior Europol official told ACAMS moneylaundering.com. The schemes were uncovered this month as part of a cross-border investigation in which law enforcement agencies from 64 countries worked with dozens of airline carriers, online travel agencies and payment card companies to identify more than 300 suspicious airline-ticket purchases linked to stolen, compromised or fake credit cards. The investigation, which was led by EU policing agency Europol, found that well-structured groups of international criminals are increasingly using hacked...

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