On 12th April, a news release from Europol said that financial investigators from the Hungarian National Tax and Customs Administration have disrupted an organised criminal network for VAT fraud associated with money laundering.  6 criminals have been arrested.  The suspects include a business owner with a large-scale business network, his son, the MD of the company involved in the fraud and 3 other people. In total, 16 properties in Spain and 5 in Italy were seized by authorities, several vehicles and other belongings worth a total of €70 million.  One of the suspects was caught by financial investigators at the airport when travelling to the Maldives.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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