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EU Council Adopts Directive on the Protection of EU Financial Interests

|Proposed Changes|European Union
European Union

On 25 April 2017, the Council of the EU adopted a Directive on the fight against fraud to the Union's financial interests by means of criminal law. The directive provides common definitions of a number of offences against the EU budget. Those offences include cases of fraud and other related crimes such as active and passive corruption, the misappropriation of funds, money laundering, and others. Serious cases of cross border VAT fraud are also included in the scope of the Directive when abov…

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