Coordinating Audit Functions in the European Union
Edited by Milagros Garciá Crespo
Chapter 7: A policy to fight financial fraud in the European Union
7. A policy to ﬁght ﬁnancial fraud in the European Union Alfredo José de Sousa THE ORIGINS AND FOUNDATIONS OF ANTI-FRAUD POLICY The Resolution of the European Parliament (2002/2211-INI) on the Commission’s report on the protection of the Communities’ ﬁnancial interests and the ﬁght against fraud,1 stated that in 2001 there was a total of €1275 million in cases of fraud and ﬁnancial irregularities, broken down as follows: ● ● Revenues: – Own resources: €532.5 million (in 2000: 1143); Expenditure: – EAGGF-Guarantee: €429 million (in 2000: 576); – Structural actions: €249 million (in 2000: 139); – Direct expenditure: €64.2 million (in 2000: 170). This is a substantial reduction in comparison with 2000, where the total amount was calculated to be €2028 million. The downward trend in terms of fraud was also highlighted in the fourth reportontheactivitiesof theEuropeanAnti-FraudOﬃce(OLAF)published in June 2003, which stated that ‘the estimated ﬁnancial impact calculated after the conclusion of surveys in all sectors was €850 million’.2 By contrast, the European Parliament, in its Resolution on the Commission’s report on the assessment of OLAF’s activities (COM, 2003, 154) of 4 December 2003, estimated a total amount of €2 billion in ﬁnancial irregularities and fraud in 2002. These statistics give a clear idea of the importance of the ﬁght that needs to be waged against the violation of ﬁnancial interests in the European Union. This is particularly signiﬁcant when we consider that fraud and the associated corruption often have a cross-frontier nature and are promoted by criminal organizations. 151 152...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.