MTIC Fraud

Missing Trader Intra Community frauds, often referred to as “Carousel” frauds on account of goods being imported, traded and exported only to be imported again – each time losing HMRC millions in VAT.
Forensic Investigation of MTIC frauds often requires tracing transactions through several different companies in complex chains of deals.

Forensic Accounting In MTIC Frauds

I found from that case that, if I had wanted, I could sign up to a particular web site, place an order for phones and then use the site to find a buyer. My risk? I would have to deposit £100,000 into an account at the Bank of Curacao … Read More