BusinessCompany NewsOLAF to report on rise in fraud cases

OLAF to report on rise in fraud cases

An increase in the amount of fraud and irregularities reported to European Union anti-fraud unit OLAF will be noted in the organisation's next annual report, which is about to be published, an OLAF official has told Accountancy Age.

Link: EU fraud crises deepens

This would follow a speech by EU budget commissioner Michaele Schreyer to an OLAF seminar in Bucharest, Romania, where she claimed there is now a greater willingness by EU employees to expose allegations of wrong-doing.

She welcomed any increase in fraud notifications of irregularities, saying: ‘We cannot and should not avoid reporting irregularities. A pro-active strategy calls for disclosure of detected irregularities and engaging in public debate on how to counter fraud.’

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