EPPO (European Public Prosecutor`s Office): objectives, powers and operating methods
EPPO (European Public Prosecutor`s Office): objectives, powers and operating methods

Summary/Abstract: Corruption and fraud are major threats to the financial integrity of the European Union (EU), causing significant losses to the European budget and affecting the mechanisms for redistributing funds between Member States. According to the report on the protection of the EU's financial interests, fraud affecting the Union's financial interests exceeded €1.9 billion. In this context, the need for transnational institutions became evident that go beyond the legal boundaries of Member States, providing a coordinated framework for investigating cross-border financial crimes. Prior to the establishment of the EPPO, economic crimes affecting the EU budget were investigated at national level, which often led to a lack of coordinated action and low recovery rates. This fragmentation has been identified by the European Commission as a major vulnerability in the fight against fraud, underscoring the need for a common institution for all participating Member States.

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