European Public Prosecutor’s Office uncovers more fraud in 2023, warns of organized crime impact.

• The European Public Prosecutor’s Office (EOM) started more investigations into fraud with EU subsidies and cross-border VAT fraud in 2023
• Nearly 2000 investigations were ongoing by the end of 2023, with an estimated financial damage of €19.2 billion for the EU
• EOM warned that organized crime is enriching itself at the expense of the EU through VAT fraud and targeting EU funds
• 206 investigations are ongoing into projects funded by NextGeneration EU, with a total of €1.8 billion in European money
• 22 EU countries have joined the EOM, including the Netherlands, with 23 investigations and an estimated total damage of €160 million
• Italy had the most investigations with 618 and the largest amount of wrongly received funds and VAT fraud at €7.38 billion

Source: fd.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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