EPPO seizes ten bank accounts across the Dominican Republic and Peru and secured judicial cooperation from Uruguay in a probe into a €25 million VAT carousel fraud spanning the EU and Latin America

The European Public Prosecutor’s Office in Madrid, through mutual legal assistance, froze six bank accounts in the Dominican Republic and four in Peru, and obtained information from Uruguay, as part of an expansive investigation into a €25 million VAT fraud ring exploiting intra-EU trade exemptions via a network of shell companies spanning Spain, other EU Member States, and Latin America. This operation underscores EPPO’s capacity to disrupt cross-border tax evasion and money laundering schemes by coordinating asset seizures and intelligence-sharing with non-EU jurisdictions.