INTERNATIONAL REGULATORY ROUND UP – CRIMINALISATION OF EU BUDGET FRAUDS TO EXPAND
April 11th, 2014
THE EUROPEAN Union (EU) is strengthening its commitments for member states to criminalise financial frauds that have an impact on the EU EUR135 billion annual budget. The European Parliament’s budgetary control and civil liberties committee have now approved a draft of a new directive on the ‘fight against fraud to the Union's financial interests by means of criminal law’. The legislation would replace laws passed from 1994 to 1996 and expands the offences which member states must make crimes. Notably, it adds VAT fraud to scams involving import duties as ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.