| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/11/1133 (29.9.11) |
| Publication Date | 29/09/2011 |
| Content Type | News |
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The European Commission has published its Annual Report on the Protection of the EU's Financial Interests and the Fight against Fraud in 2010. The purpose of the report is to measure the risk of EU expenditure and revenues being misused through irregularities and suspected fraud. Thanks to the implementation of modernised and improved reporting systems in most Member States, the Commission has access to more and better quality data on irregularities. As a result, the number of irregularities reported increased for almost all budget sectors. This allows the Commission to aim at better and more reliable reporting, which in turn helps to better protect taxpayers' money. With EU money more effectively monitored, the Member States and the Commission can react more quickly to changing fraud patterns and implement appropriate fraud preventive actions. This is important since the best way to fight fraud is to prevent it happening in the first place. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1133&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
