EPPO reports on 1100+ EU-wide fraud investigations valued at €14.1 billion
10/03/2024
The Annual Report Published on 1 March 2023 for the European Public Prosecutor’s Office (EPPO) activities in 2022 focuses on EU fraud affecting public revenue, particularly cross-border VAT fraud.
Some of the key figures featured in the Annual Report, valid on 31 December 2022:
- 3318 crime reports were processed;
- 865 investigations were opened;
- 1117 active investigations with estimated damages of €14.1 billion;
- 16.5% of active investigations (185) were linked to VAT fraud, but account for 47% of the estimated damages (€6.7 billion);
- €359.1 million in freezing orders granted;
Laura Kövesi, European Chief Prosecutor:
- ‘One year-and-a-half after the start of our activities, the potential of the EPPO cannot be ignored.
- In 2022, we have demonstrated that the EPPO has an unprecedented capacity to identify and trace volatile financial flows and opaque legal arrangements.
- We have proven that the speed, efficiency and information gains in EPPO-led investigations make it hard for traditional cross-border coordination methods to compete.
- ‘We are on the right track, but we need to do more.
- The EPPO is far from having reached its full potential. If we want the EPPO to make a lasting difference, we need organisational and legal adjustments.
- This includes the revision of the EPPO Regulation, and the assignment to the EPPO cases of dedicated and specialised financial fraud investigators in all the participating Member States.’
The full Annual Report 2022 can be found here.
The Team
Meet the team of industry experts behind Comsure
Find out moreLatest News
Keep up to date with the very latest news from Comsure
Find out moreGallery
View our latest imagery from our news and work
Find out moreContact
Think we can help you and your business? Chat to us today
Get In TouchNews Disclaimer
As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.
As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.