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The European Union's 2021 2027 multiannual financial framework (MFF) and the Next Generation EU recovery instruments provide financial resources amounting to €1.8 trillion. However, the EU can only achieve the ambitious objectives of these budgetary instruments if its financial interests are better protected. Parliament's Budgetary Control (CONT) Committee has adopted an own-initiative report highlighting the risk of fraud and conflict of interest arising from the increasing presence of oligarchic ...

The Budgetary Control Committee (CONT) organised the workshop on ‘Missing Trader Fraud: definition, effects, prevention and solutions’ on 26 May 2021. This document consists of the proceedings briefing on ‘Missing Trader Intra-Community Fraud’, biographies of the speakers and the PowerPoint slides of the presentations.

During the June II 2021 plenary session in Brussels, Parliament continued to debate and adopt programmes financed under the multiannual financial framework for 2021 2027, specifically this session in the areas of regional development, with the Common Provisions Regulation, European Territorial Cooperation Regulation, European Regional Development Fund and Cohesion Fund all finalised. Important debates on Council and European Commission statements were held, in particular on the preparation of the ...

Value added tax (VAT) fraud has an extensive impact on the European Union (EU) budget. As missing trader intra-community (MTIC) fraud is the biggest kind of VAT fraud it would be beneficial to fight this kind of fraud to a larger extent.

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the LIBE Committee, aims to provide background information on the current legal framework of Europol and a legal assessment of the European Commission’s proposal of 9 December 2020 to strengthen Europol’s mandate, divided in thematic blocks. The legal assessment is accompanied by policy recommendations.

The establishment of the European Public Prosecutor's Office (EPPO) with the entry into force of the EPPO Regulation of 12 October 2017 requires the regulation governing investigations by the European Anti-Fraud Office (OLAF) to be adapted. In 2018, the Commission adopted a proposal to revise the OLAF Regulation as regards cooperation with the EPPO and the effectiveness of OLAF investigations. The European Parliament is expected to vote in December on the early second-reading agreement reached in ...

During its July plenary session, the European Parliament is set to discuss the Committee on Budgetary Control’s report on the control of the European Investment Bank's financial activities for 2018. Among other things, the report highlights the role of the Bank in financing the European Green Deal, the Just Transition Fund, and its future shift towards becoming 'the EU Climate Bank'. The report also stresses the need for more effectiveness and synergies when it comes to the European Fund for Strategic ...

During its July plenary session, Parliament is scheduled to vote on the 2019 report on the European Investment Bank's financial activities, drafted by the Committee on Budgets. Among other things, the report highlights the need for the bank to put more focus on climate, digitalisation and just transition; further invest in the EU and beyond; provide continuous support for small and medium-sized enterprises (SMEs) and mid-cap firms; and ensure better governance and increased transparency.

The commissioner-designate, Johannes Hahn, appeared before the European Parliament on 03 October 2019 to answer MEPs’ questions. During the hearing, he made a number of commitments which are highlighted in this document. These commitments refer to his portfolio, as described in the mission letter sent to him by Ursula von der Leyen, President-elect of the European Commission, including: the Multiannual Financial Framework, modernisation and digitalisation of the Commission and the protection of EU ...