Four U.S. citizens were arrested in California Wednesday in connection with a massive, 300 million euros (USD $346 million) international credit card fraud scheme based in Germany, in which compliance officers were allegedly complicit, according to the U.S. Department of Justice (DOJ).

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...