THE PROCESS of transforming the European Union's anti-fraud office OLAF into a truly independent operator, with enough investigative muscle and legislative teeth to make an impact in Brussels' fight against financial crime, has proved to be a slow and difficult task, its latest report admits.

It covers the period from last June to this May and claims that during this period, OLAF "made good progress" reorganising its resources, particularly personnel, which grew by 70 per cent, rising to199 agents. A "flexible and transparent" ...

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