"There is no way to sugarcoat this: Slovakia has become a major transit point for criminal money flows,"
"An important country for criminals, who invest proceeds from VAT fraud into drug trafficking, human trafficking, weapons trafficking, and vice,"
"Once we cross-checked information from all our cases, we realized that over 4,700 suspicious companies connected to 172 of our ongoing VAT fraud investigations have links to Slovakia,"
"VAT fraud is at the top of the criminal pyramid in the EU. Currently, it is probably the most profitable and least risky criminal activity,"
The EPPO uncovered a vast ecosystem of fraud targeting both EU spending and EU revenues, with VAT fraud identified as the most serious threat. Over 4,700 suspicious companies connected to 172 ongoing VAT fraud investigations have links to Slovakia, meaning one in three EPPO VAT cases involves the country. Nearly €300 million among investigated cases was tied to COVID-19 recovery funds. VAT fraud finances drug trafficking, human trafficking and weapons trafficking. VAT fraud is described as highly profitable and low-risk, costing the EU an estimated €50 billion annually.
Read at www.dw.com
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