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VAT Fraud in Romania: More Profitable Than Human and Drug Trafficking, Warns Kovesi

  • 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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