Search results

On 19 June 2018, “Directive (EU) 2018/843 of the European Parliament and of the Council amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU” was published in the Official Journal of the EU (L 156, 43). This legislative act is also referred to as the 5th Anti-Money Laundering (AML) Directive.

On 19 July 2018, the Commission brought Greece and Romania before the EU Court of Justice for non-compliance in transposing the 4th Anti-Money Laundering Directive into their national laws. Ireland was also referred to the CJEU because it has only implemented the rules of the 4th Anti-Money Laundering Directive in a very limited way.

On 19 September 2019, the College of Commissioners gave green light for registering of a European Citizens’ Initiative, entitled “STOP FRAUD and abuse of EU FUNDS − by better control of decisions, implementation and penalties.”

On 30 May 2018, the Commission proposed the new EU Anti-Fraud Programme. It will replace the current Hercule III Programme which expires in 2020. The new EU Programme is expected to run from 2021 until 2027, which is the next long-term EU budget cycle.

In its Opinion 1/2018 of 12 July 2018, the European Court of Auditors (ECA) assessed the Commission’s plans to link the future multiannual financial framework with a EU Member State’s respect for the rule of law.

On 21 September 2018, the legislative procedure on a “Council Regulation amending Regulations (EU) No 904/2010 and (EU) 2017/2454 as regards measures to strengthen administrative cooperation in the field of value added tax” was finalized.

On 3 September 2018, the Commission published its annual report on “The Protection of the EU’s financial interests – Fight against fraud – 2017”. It is the 29th report that annually provides information on the main legal and practical measures taken by the Commission and the EU Member States to counter fraud and other illegal activities affecting the Union’s budget.

On 12 September 2018, the European Commission tabled a proposal to extend the competences of the European Public Prosecutor’s Office to include terrorist offences affecting more than one EU Member State (COM (2018) 641 final).

The Commission initiated several measures implementing the Regulation on the European Public Prosecutor’s Office. The Commission is responsible for the establishment and initial administrative operation of the EPPO until the new office has sufficient capacity to implement its own budget.

On 7 August 2018, the European Commission published an updated fact sheetof “Frequently Asked Questions” on the European Public Prosecutor’s Office. The fact sheet provides answers to numerous questions regarding the key features, structure, and work of the new EU body, which is slated …