Eppo publishes the first annual report on operational activity

On the 24th of March, the first report of EPPO’s operational activities has been published on the institutional web-site.

EPPO’s competence focuses on cross-border investigations in economic and financial crime, in particular it investigates fraud involving EU funds of over €10 000 and cross-border VAT fraud with damages above €10 million.

The identified most frequent types of crimes affecting the EU budget has been Non-procurement expenditure fraud (31.8%): use or presentation of false, incorrect or incomplete statements or documents, common in agricultural subsidies, VAT revenue fraud (17.6%): carousel fraud, VAT fraud through missing traders, and VAT fraud committed within a criminal organisation, Non-VAT revenue fraud (13.4%): customs and anti-dumping duties fraud, Procurement expenditure fraud (11.2%): the use or presentation of false, incorrect or incomplete statements or documents, mainly in construction, waste, technology and HR development programmes and Corruption (4%): active and passive corruption of public officials.