Anti-Financial Crime & Financial Crime Compliance
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EU, Financial Crime, Fraud

NEWS: EU freezes €520M in enormous Mafia-linked VAT fraud case dubbed ‘Moby Dick’

BY PAUL O’DONOGHUE, Senior Correspondent

A sprawling EU investigation has uncovered a massive €520 million VAT fraud scheme involving mafia-linked groups.

The European Public Prosecutor’s Office announced that detention orders have been issued for 43 suspects, with a total of 195 individuals under investigation, and over 400 companies implicated.

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