US EditionWatchdogs Say €650bn EU Fund Still Ripe for Fraud
The European Court of Auditors highlights inconsistent anti-fraud measures and underuse of data tools, risking undetected fraud in the €650 billion Recovery and Resilience Facility.
- Today, the European Court of Auditors found systemic weaknesses in fraud detection across the 650 billion Recovery and Resilience Facility.
- Member states' anti-fraud systems are inconsistent, often delayed, and bilateral financing agreements lack specificity and standardised reporting, the ECA found.
- Data-Mining tools were underused and many member states failed to fully utilise Arachne, while whistleblowing channels produced few reports and member states' recovery rules create a perverse incentive.
- With the RRF set to wind down this year, the ECA warns most fraud cases will emerge after closure and management declarations end in December 2026, urging the Commission to strengthen audits.
- Major weaknesses in reporting mean the RRF, launched in 2021, faces vulnerability to abuse due to inconsistent member states' criteria for fraud and gaps in EU fraud reporting standards.
11 Articles
11 Articles
The European Court of Auditors claims weaknesses in the fight against fraud in the Recovery and Resilience Mechanism. Portugal reported eight cases to the European Prosecutor in a European universe of 307.
Eldiario.es
Forbes EspañaIn a report on the fight against fraud, the auditors conclude that the framework established to prevent, detect and correct fraud "is not fully effective" and has shortcomings in the Member States
The post-pandemian recovery fund approved by the EU with a total of EUR 65 billion was a historic tool, but still has gaps: it remains, years after its launch, poorly protected and without guarantees of recovering the money used fraudulently. It is the main conclusion that the European Court of Auditors draws in a new report: it warns that the data on cases of alleged fraud are incomplete.Spain was one of the four Member States specifically sele…
The EU Retreading Fund following the COVID pandemic, also known as the Retreading and Resilience Mechanism (MRR), will continue to present numerous taxes on fraud detection, reporting and correction systems, showing a new report of the European Court of Auditors published Wednesday.
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