Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

EU/Europe, Financial Crime, Fraud

NEWS: EPPO reports VAT fraud surge, depriving EU countries of €13.15bn

By PAUL O’DONOGHUE, Senior Correspondent

VAT fraud has emerged as a key area of financial crime in the EU, with “almost systemic involvement” of criminal organizations, the EPPO (European Public Prosecutor’s Office) said.

The organization’s latest annual report said that, at the end of 2024, the EPPO had a total of 2,666 active investigations, an increase of 38% since the previous year.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!