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European Commission publishes 2017 Annual Report on the Protection of EU Financial Interests and the Fight Against Fraud

On 03 September 2018, the European Commission published 29. Annual report on the protection of the European Union's financial interests and the fight against fraud 2017 (the so-called PIF report) drawn up in cooperation with Member States in accordance with Article 325 of the Treaty on the Functioning of the European Union.

The PIF report provides an in-depth analysis of approaches, procedures and the tools used by Member States to combat fraud.

Above all, Two main legislative proposals have been adopted initiatives, which will increase effectiveness and unity in the European Union in the fight Against cross-border fraud: Anti-fraud Directive criminal law and regulation establishing a European Public Office the prosecutor (EPPO), through enhanced cooperation.

Alongside these flagship initiatives, they were adopted in 2017 further measures to strengthen the protection of the EU's financial interests. Member States strengthen their national systems and procedures with a focus on prevention and detection; e.g. through public opinion campaigns, reorganisation national anti-fraud services, by deploying specialised IT tools, training and through joint operations.

The annual report together with the accompanying working documents shall: can be found on the OLAF website in the section "Who we are': https://ec.europa.eu/anti-fraud/about-us/reports/community-reports en

Source: Press release OLAF No 10/2018: https://ec.europa.eu/anti-fraud/media-corner/news/03-09-2018/commission-adopts-annual-report-protection-eus-financial-interests en

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