Chinese Criminal Networks Control Massive VAT Fraud Operations Across Europe, Warns European Prosecutor

• Chinese-origin criminal networks control large-scale VAT and customs fraud operations in the EU, using clandestine banking systems and complex operational structures.
• The European Public Prosecutor’s Office (EPPO) estimates these frauds at €45 billion, representing 67% of total estimated losses to EU and member state budgets.
• These networks dominate supply chains from China, especially at major European ports and terminals, and have been largely ignored or tolerated for too long.
• The criminal activity is highly organized, difficult to detect at the national level, and severely impacts legitimate businesses through unfair competition.
• Major operations, such as Operation Calypso, have targeted illegal imports from China, resulting in significant seizures like 2,435 containers at the port of Piraeus.

Source: jornaldenegocios.pt

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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