the Commission has launched a structured reflection process for the review of the EU Anti-Fraud Architecture. The review complements the preparatory work on the next multiannual financial framework (MFF). Its aim is to ensure a strengthened and more efficient protection of the Union’s financial interests.
The review of the EU Anti-Fraud Architecture is of outmost importance, due to evolving threats to the EU’s financial interests, including increasing transnational fraud, organised crime targeting EU funds, or criminal networks using advanced technologies, like AI and crypto currencies, to try to defraud the EU.
The Anti-Fraud Architecture review will promote efficiency at every stage of the anti-fraud cycle, supporting complementarity between anti-fraud actors in the prevention, detection, investigation, correction of fraud, prosecution and a more efficient and effective recovery of the amounts concerned, including for the EU budget. Effective deterrence and response will be at the heart of the exercise. Continue reading “Commission unveils anti-fraud revamp to protect the EU budget”
