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Tag: VAT

Lycamobile’s French Businesses Fined EUR10mn for Tax Fraud and Money Laundering

Former Lycamobile Group CEO Chris Tooley received a 3-year prison sentence and a EUR250,000 fine for his part in the tax evasion.

Why You Need to Know about GST, Alternative Banking Platforms and VoIP Fraud

Telcos in countries with Goods & Services Tax should be wary of new versions of tax scams invented in countries with Value Added Tax.

Must Telcos Pay Carriers That Evaded Tax for the Services Provided?

Colt entered a legal battle after refusing to pay USD5mn of invoices to an Italian VoIP carrier that appeared to be engaging in VAT fraud.

Big Tax Fraud Shows Lax Attitude to Trading Airtime

UK authorities barred a businessman from being a company director for 12 years after his firm contracted to trade GBP43mn (USD52mn) of airtime with a fraudulent enterprise.

73 Million Reasons Why MTIC VAT Fraud Fell Off a Cliff

Transit traffic for sales tax fraud has moved from the UK to Spain and Italy because of changes made by the UK tax authority.

The Taxman Cometh… Why Telcos Must Tackle Sales Tax Fraud

A tax fraud which cost Italian telcos 300mn euros illustrates why we must guard against organized crime - and the taxman.

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The Commsrisk Global Fraud Dashboard


Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.

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