EU ROUND UP – EU FRAUD MAYBE DECLINING, BUT MILLIONS OF EUROS LOST TO SCAMS EVERY YEAR
September 1st, 2018
THE CONTINUED vulnerability of European Union (EU) revenue collection and spending to fraud has been brought into sharp relief by a new European Commission statistical analysis on financial crime.
That said, a working paper noted that in terms of revenue through external import duties (called ‘own resources’ in EU jargon) detected fraud cases involving EUR10,000 or more alone in 2017 indicates losses have been falling – but still to EUR76 million. This was 28% lower than the average annual amount for 2013-17. There were 441 cases reported as fraudulent in ...
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