Situation Report - Payment Card Fraud in the European Union

07 January 2013

The main objective of this report is to present threats posed by criminal structures and propose specific solutions. The ultimate goal for Europol is to make non-cash payment transactions safer. According to a Europol study, the income of organised crime groups (OCGs) of European origin is fairly consistent at around 1.5 billion euros per year. These proceeds of crime are typically invested in further technical developments, used for financing other criminal activities or used to start legal businesses.