EPRSLibrary By / April 29, 2013

Protecting the financial interests of the Union. The role of administrative investigations

The European Anti-fraud Office (OLAF) is the EU body responsible for administrative investigations to fight illegal activities detrimental to the…

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Piggy bank
© rangizzz / Fotolia

The European Anti-fraud Office (OLAF) is the EU body responsible for administrative investigations to fight illegal activities detrimental to the EU’s financial interests. Since its creation in 1999, OLAF has completed 3 500 investigations, which have led to the recovery of EU resources worth €1.1 billion (excluding financial penalties). A proposal to reform OLAF is currently on the table. This aims to increase the efficiency, effectiveness and accountability of the Office, while maintaining its independence for investigations.

However, in the fight against illegal activities affecting the finances of the EU, OLAF is only part of the picture. Investigations by national authorities, follow-up by national prosecutors and courts as well as effective cooperation between stakeholders also play key roles.

The European Commission considers that the level of protection for the EU’s financial interests still varies significantly across the Union. The European Parliament has repeatedly called for the fight against illegal activities to be stepped up.

The Lisbon Treaty has strengthened the EU’s legal options in this area. New developments, including the possible establishment of a European Public Prosecutor’s Office (EPPO), could have an impact on OLAF’s investigative activities.

Read the complete briefing here

Further material explaining the work of OLAF

 

OLAF: detect, investigate, protect – EU Anti fraud

 

Operation Velvet Glove


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  • […] Also on the blog this week: The European Small Claims Procedure: our handy keysource on all the information sources you need to know about this EU procedure, designed to simplify and speed up cross-border claims of up to €2000 via the European e-Justice Portal. And while we’re on the subject of trade and finance (and let’s face it, who isn’t these days?), we also published a briefing on the Principal EU-US trade disputes and one on the role of administrative investigations in protecting the financial interests of the EU. […]

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