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Recovering EU Funds from Third Countries

Summary

The report calls for a unified EU strategy to recover money and assets lost to fraud in non-EU countries, emphasizing better data collection and stronger international cooperation.
10 25.10.2018
Other
finance
criminal law
budgetary control
international relations
public finance and budget policy

Key points

  • There is a significant and ongoing problem of EU funds being lost through fraud involving transfers to non-EU countries.
  • The EU needs to prevent the transfer of money through jurisdictions that are not transparent or cooperative.
  • To make asset recovery easier, the disbursement of funds should be linked to the publication of beneficial ownership data.
  • The EU must move away from individual Member States using separate bilateral agreements and instead adopt a unified EU approach.
Documents (PDFs)
REPORT on protection of the EU’s financial interests – Recovery of money and assets from third countries in fraud cases Protection of the EU’s financial interests - Recovery of money and assets from third countries in fraud cases
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