Financial Crime World

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EU Fights Fraud: Bulgaria’s Efforts to Prevent Irregularities

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In its ongoing efforts to combat fraud and irregularities affecting the European Union’s (EU) financial interests, Bulgaria has established a robust mechanism and institutional framework. This article highlights the country’s strategy and key players in the fight against fraud.

The Role of OLAF

The EU’s anti-fraud office, OLAF, plays a crucial role in detecting and preventing fraud affecting the Union’s financial interests. In Bulgaria, OLAF works closely with local authorities to prevent irregularities and combat fraud.

National Institutional Framework

Article 325(2) of the Treaty on the Functioning of the European Union (TFEU) requires EU member states to take measures to counter fraud affecting the Union’s financial interests similar to those taken against their own financial interests. Bulgaria has established a national institutional framework that ensures coordination and cooperation between competent institutions, including independent judicial authorities.

Key Players in the Fight Against Fraud

  • Council for Coordination of the Fight Against Infringements: Chaired by the Minister of Interior, this Council brings together ministers, deputy ministers, heads of administrative services responsible for managing EU funds, and directors of revenue agencies.
  • AFCOS Directorate: A special unit within the Ministry of Interior responsible for control, information, and coordination activities related to protecting the EU’s financial interests. The AFCOS Directorate supports the Council in its work.

National Strategy

Bulgaria has developed a national strategy for preventing irregularities and combating fraud affecting the EU’s financial interests over the period 2021-2027. The strategy outlines measures to enhance cooperation and coordination between institutions and bodies involved in the fight against fraud.

Conclusion

In conclusion, Bulgaria is committed to preventing irregularities and combating fraud affecting the EU’s financial interests. Through its national institutional framework and key players like OLAF, the Council for Coordination of the Fight Against Infringements, and the AFCOS Directorate, the country is working tirelessly to protect the Union’s financial interests.

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