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Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the fight against fraud to the Union's financial interests by means of criminal law

Abstract

Fraud and related illegal activities affecting the Union's financial interests pose a serious problem to the detriment of the Union budget and thereby of taxpayers. The objective of the Union budget to improve living conditions and to generate growth and jobs is endangered if money is misused. This especially holds true in times of fiscal consolidation and responsibility and structural reforms for growth. According to the 2010 Commission report on the protection of the Union's financial interests,1 suspected fraud amounts to approximately 600 million euro annually on the revenue and expenditure side despite the legal framework in place. It can be assumed that the actual amount is even higher as not all cases are detected and reported.

Process

Commission Status

11/07/2012 Proposal Adopted by European Commission
Next Action: A copy of the proposal will be sent to the European Parliament and Council

EU Parliament Status

11/07/2012 Received from Commission
Next Action: Will be allocated to relevant Parliamentary Committee(s)

Council Status

11/07/2012 Received from Commission
Next Action: It will be allocated to a committee for discussion

Additional Comments

None

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