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BeneluxTrilateral Conference – 20.04.2012

Yannic HULOT

Chairman of the Group

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“Carousel frauds are like floods. It is futile to believe that after the storm we can put back water in the riverbed with buckets. What

is needed is to build dykes to prevent overflows. Eurofisc should be a solid barrier.”Y. HULOT

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3 A new approachLate detection

(between 6 month et 2 years)

Investigations(some years)

Natural death of the fraud

Early detection

(between 1 & 3 month)

Stop the fraud(some days)

Investigations

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4 Tasks• Establish a multilateral early warning mechanism for combating VAT fraud;

• Coordinate the swift multilateral exchange of targeted information in the subject areas in which EUROFISC will operate (working fields);

•Coordinate the work of the EUROFISC liaison officials of the participating Member States in acting on warnings received

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5 4 WORKING FIELDS

WF1 – MTIC fraud WF2 – Cars, vessels , planes WF3 – CP 4200 WF4 – VAT observatory

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6 Advantages Sponteous Speed Targeting Between Anti-Fraud Units Development of risk analysis Effectiveness European vision European spirit

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7 A dedicated platform

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8 Benelux : incubator of ideas Spin-off « Autocanet » => WF2 Risk analyses techniques Reaction methods Cancellation of VAT id. Typologies towards a common approach through the

expertise.

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9 New trends « virtual » banking Dematerialization The involvement of operators in good

faith in major sectors

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10Inspiration for other

phenomena

International cooperation, targeted, spontaneous, between op. experts, in real time, …

Could serve as a model for Other fiscal fraud and even social frauds

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11 Results Example WF1 :

30.000 EWS ¼ companies missing traders 2/3 companies linked to the fraud Quick & appropriate reactions

An active network (4 WF’s) 93 men and women 46 weeks/46 weeks 12 new trends discussed in the WF4

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12 The future Stabilisation & improvement of the detection

methods. Best « conventional» tool

But must work on :

• Coordinate the work of the EUROFISC liaison officials of the participating Member States in acting on warnings received

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Thank Y u !