Council approves reform of the European Anti-Fraud Office
5 Dec 2012 03:36 PM
Today the Council approved1 a political agreement reached with the European Parliament on a reform of the European Anti-Fraud Office (OLAF) aimed at strengthening OLAF's capacity to tackle fraud (12735/12 ADD 1).
OLAF was created in 1999 in order to step up the fight against fraud, corruption and any other illegal activity affecting the financial interests of the EU.
The main objectives of the reform are to increase the efficiency of OLAF's investigation, to strengthen cooperation between the office and the competent authorities of the member states and third countries, and to increase OLAF's accountability.
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