| Author (Corporate) | European Commission: DG Communication |
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| Series Title | Press Release |
| Series Details | IP/11/321 (17.3.11) |
| Publication Date | 17/03/2011 |
| Content Type | News |
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The European Commission has adopted a proposal to reform the EU's Anti-Fraud Office, OLAF. The aim is to improve the efficiency, effectiveness and accountability of OLAF, while safeguarding its investigative independence. Since it was set up in 1999, OLAF has carried out around 4500 investigations and has contributed greatly to protecting the EU budget against fraudulent activity. Improvements are nonetheless needed to assist OLAF in performing to its full potential. The Commission is addressing certain key issues by proposing to strengthen OLAF's capacity to tackle fraud with maximum results. Included in the proposal are measures to ensure that OLAF's investigations are conducted and followed-up more efficiently, to protect the rights of persons under investigation and to reinforce the cooperation between OLAF and its strategic partners in the fight against fraud. The proposal will now be forwarded to the European Parliament and Council for agreement under the co-decision procedure. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/321&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
