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IBM Red Cell
Company A D exports to A VAT-free; D files to reclaim VAT paid to C. Carousel complete.
A exports to B VAT-free; carousel begins.
EU MS - 1
EU MS - 2
Company D
Likely common ow nership
Financial system
Company B
Missing Trader “ B” : Collects VAT from Buffer companies but does not pay it to the government. Money laundered through the financial system. C sells to D plus VAT; C files to reclaim VAT paid to B.
B sells to C plus VAT. Company C
Money Goods
Buffer company: Usually multiple buffers are used and may be obviuos to the scheme.
IBM Red Cell
IBM Red Cell
Company A D exports to A VAT-free; D files to reclaim VAT paid to C. Carousel complete.
A exports to B VAT-free; carousel begins.
EU MS - 1
EU MS - 2
Company D
Likely common ow nership
Financial system
Company B
Missing Trader “ B” : Collects VAT from Buffer companies but does not pay it to the government. Money laundered through the financial system. C sells to D plus VAT; C files to reclaim VAT paid to B.
B sells to C plus VAT. Company C
Money Goods
Buffer company: Usually multiple buffers are used and may be obviuos to the scheme.
IBM Red Cell
IBM Red Cell
