OLAF FRAUDNET
July 1st, 2004
BY KEITH NUTHALL
EUROPEAN Union (EU) anti-fraud unit OLAF has proposed creating an EU FraudNet system, allowing other national and international law enforcement teams to exchange information about financial crime in international aid programmes. This would resemble the USA General Accounting Office's FraudNET, where whistle-blowers report allegations of fraud, waste, abuse, or mismanagement of federal government funds by e-mail, fax or post. OLAF said: "The fight against fraudulent misappropriation of international aid funds is an enormous challenge."
EUROPEAN Union (EU) anti-fraud unit OLAF has proposed creating an EU FraudNet system, allowing other national and international law enforcement teams to exchange information about financial crime in international aid programmes. This would resemble the USA General Accounting Office's FraudNET, where whistle-blowers report allegations of fraud, waste, abuse, or mismanagement of federal government funds by e-mail, fax or post. OLAF said: "The fight against fraudulent misappropriation of international aid funds is an enormous challenge."
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