Memo: Protecting taxpayers’ money: European Parliament committee endorses Commission proposal to fight fraud against the EU budget

The European Parliament's Legal Affairs Committee (JURI) backed on 5 November 2013 with a large majority the European Commission's proposal for a Directive on the protection of the EU's financial interests.

The new EU-wide rules as proposed by the European Commission in July 2012 will do two things: first, introduce common definitions of fraud throughout the EU, making sure that fraud against the EU budget is considered a crime everywhere in the EU. Second, set a minimum level of sanctions regarding fraud against the EU budget, including imprisonment, in order to deter fraudsters.

ESO: Background information: Protecting taxpayers' money: Commission proposes to strengthen use of criminal law against fraudsters http://www.europeansources.info/record/press-release-protecting-taxpayers-money-commission-proposes-to-strengthen-use-of-criminal-law-against-fraudsters/

---