“Missing Trader Tax Fraud” by David Morrow of Fraud Fit

David Morrow spent many years at Vodafone Group, overseeing anti-fraud activities around the world. Before joining Vodafone he was employed by HMRC, the UK’s tax collection agency, and that makes him doubly expert on the topic of sales tax frauds, and how these frauds exploit the international trade of telecoms devices and services. David joined us for our March 2016 meeting, and walked us through the risks to telcos and the need to counter the fraudsters. His presentation also explained how Italian telcos were caught up in a gigantic fraud and money laundering operation that cost them EUR400mn. You can view David’s slides below.