EPPO secures further convictions in a major VAT-carousel and money-laundering investigation involving more than 400 companies and suspected laundering of proceeds from drug trafficking, cybercrime and investment fraud

Five individuals were convicted in Latvia for organised tax evasion as part of EPPO’s Admiral 2.0 investigation, which targets a wider cross-border VAT-carousel fraud and money-laundering network. EPPO suspects more than 400 companies of involvement in the scheme and says the same infrastructure may also have been used to launder proceeds generated through drug trafficking, cybercrime and investment fraud, demonstrating how VAT-fraud networks can operate as broader professional criminal-finance infrastructure.