EU ROUND UP – BRUSSELS SAYS MEMBER STATES ANTI-FRAUD ACTION MAYBE TOO WEAK
July 5th, 2014
THE LATEST European Commission annual report on European Union (EU) anti-fraud measures has highlighted concerns that member states may be doing far too little to detect EU-related financial crime.Brussels’ 2013 Report on the Protection of the EU's Financial Interests noted that some member states reported “very low numbers of fraudulent irregularities”. As a result, the Commission recommended “strengthening their work on detecting and/or reporting fraud.” Regional development spending (called cohesion policy in EU jargon) was of special concern here. ...
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