Nemesis

Targeting carousel fraud throughout Europe

Nemesis is a global, secure, online database that allows any serial numbered goods to be continually tracked within individual countries and across international borders.

Its primary aim is to help identify potential fraudulent activity centred on Missing Trader Intra-Community (MTIC) fraud, more commonly know as "Carousel Fraud".

It provides intelligence in relation to the movement of goods and identifies goods that have been moved across international borders before being re-imported into the country of origin.

It is also able to identify the trail of goods across international borders allowing cross-force and cross-border intelligence gathering and enforcement.

How does it work?

The system runs securely across the Internet so no special software is required. All that is required is access to the World Wide Web.

It works in conjunction with enforcement officers scanning goods prior to their export.

Scanning can be carried out at point of export or whilst in holding areas such as freight forwarders.

Why use Nemesis?

The size of MTIC fraud is subject to debate but it is accepted that on a European level it runs to billions of Euros. Nemesis is a proven tool in identifying MTIC fraud both on a national and international level.
Nemesis has a track record of identifying MTIC fraud and saving national exchequers millions of Euros. It also acts as a deterrent and a disrupter to the criminal gangs looking to exploit MTIC fraud.

Future Development

The use of the system via internet enabled handheld scanners.
A European platform to allow countries to share their information across the system.
An interface for traders to provide online access to their trade information including traded IMEI numbers and due diligence reports.
Secure data tracking Global online tax fraud identification systems

Visit the Nemesis website at: www.checknemesis.com