U.K. police arrested a 34-year-old man on Monday on suspicion of creating counterfeit credit cards and organizing a network of people involved in money laundering, officials said.
Authorities from the Metropolitan Police's .Central e-crime Unit also seized data and equipment believed to be used to created fraudulent payment cards, including blank dummy cards with magnetic strips, during a raid Monday morning in east London.
The man, whose name was not made public, is also accused of organizing money "mules" -- people recruited to accept stolen funds and transfer them to other bank accounts for a small share of the amount.
The latest action follows a spate of arrests in the U.K., U.S. and Ukraine in one of the largest coordinated computer crime actions by law enforcement.
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