Cyprus took part in an international operation against an investment fraud network that allegedly had potential victims in more than 50 countries, according to a Europol statement published on Tuesday.
Authorities from Albania, Finland, Germany, Kosovo and North Macedonia also participated in the operation, with the support of Europol and Eurojust.
During the coordinated operation on 3 November 2026, more than 100 servers were seized and seven suspects were arrested with a view to their extradition to Germany.
The operation, led by the Itzehoe Public Prosecutor’s Office in Germany, targeted a company that allegedly provided deceptive online trading websites to criminal groups.
According to Europol, the company was linked to call centre operators who allegedly persuaded victims to invest their savings. Investigators estimate that the total losses exceed pound 4 million.
Authorities carried out searches at 17 locations and seized servers, other evidence and assets.
Infrastructure allegedly operated from Cyprus and Israel
Europol said the latest operation followed a four-year investigation and previous interventions in 2022 and 2025.
Evidence gathered during the earlier operations led investigators to a company that allegedly operated a crime-as-a-service model from Cyprus and Israel.
Investigators also identified alleged clients of the company operating illegal call centres in Albania, Kosovo and North Macedonia.