The European Anti‐Fraud Office (OLAF)

Abstract

Outlines the function of the European Anti‐Fraud Office, known as OLAF and created in 1999: to protect the finances of the European Commission by fighting fraud, corruption and other irregular activities. Describes it as a “First pillar” entity in the Community structure which has statutory independence and the power to investigate, interview office‐holders and secure documents not just within the Commission but within all other European Union (EU) institutions. Explains why OLAF is necessary to protect the budget: this is substantial at Euro 100 billion, it is at greater risk than national budgets from criminals bent on agricultural trade fraud, tax evasion, cigarette smuggling and so on, and the finances of the EU are a highly complex matter.

Citation

Ilett, N. (2004), "The European Anti‐Fraud Office (OLAF)", Journal of Financial Crime, Vol. 12 No. 2, pp. 120-122. https://doi.org/10.1108/13590790510624936