Financial fraud cases increased in EU in '22 - report

BRUSSELS, July 27 (KUNA) -- The overall number of cases of financial fraud and irregularities detected and reported in the European Union slightly increased in 2022, according to the EU's anti-fraud office OLAF.

In a press release, OLAF said the European Commission Thursday adopted its 2022 Annual Report on the protection of the EU's financial interests.
The overall number of cases of fraud, and irregularities, 12, 455 in total, detected and reported in the EU slightly increased in 2022, compared to 2021, it noted. The irregular amounts related to these cases totalled 1.77 billion euro (USD 1.94 billion).
The EU and Member States share responsibility for protecting the EU's financial interests and fighting fraud.
Authorities in the 27-EU member states manage over 85 percent of EU expenditure and collect the EU's traditional own resources. The European Commission oversees both of these areas, sets standards and verifies compliance. (end) nk.mt.