Large-scale VAT fraudsters in the EU face minimal risk of prosecution, despite the crime being highly profitable for criminal organizations. This fraud is often used for money laundering and financing other serious crimes, yet it is rarely detected, reported, or taken seriously. Slovakia is noted as a significant hub for VAT and customs fraud, often involving the systematic participation of professional money launderers. The ongoing cases being handled by the European Public Prosecutor’s Office currently account for damages exceeding half a billion euros.
Source: fd.nl
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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