BusinessCompany NewsEU institutions told to improve anti-fraud efforts

EU institutions told to improve anti-fraud efforts

The European Parliament's budgetary control committee has called on relevant European Union institutions to toughen and improve their efforts to fight EU fraud.

Link: EU system to tackle customs fraud

The committee concluding that there was ‘a long way to go’ to successfully tackle the problem.

Approving a report from Austrian socialist MEP Herbert Bosch, the committee said the European Commission should review its policy of decentralising responsibility for financial management, whilst separating competences for the budget, accounts, financial control and combating fraud, now all under one commissioner.

The committee said it had been ‘stunned to learn’ that in the case of EU agricultural frauds costing €198m, half the products supposedly generating subsidies ‘could not be identified’.

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