- VAT fraud in Romania involves the Italian and Chinese mafias.
- The Italian mafia is linked to fraud schemes involving EU funds.
- Romania is not protected from VAT fraud risks and artificial intelligence misuse.
- Cryptocurrency trading often hides money laundering activities.
- Cooperation with Romanian authorities on money laundering is effective.
- VAT fraud is more profitable than human or drug trafficking.
- Criminal groups might relocate operations if VAT fraud is prioritized.
- Organized crime networks are international and complex.
- VAT fraud reporting in Romania is low, with only 12 out of 400 cases involving it.
- Romania has the highest VAT collection gap in the EU at 30.6 percent.
Source: romaniajournal.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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