Open AccessLEGAL OBLIGATION OF FRAUD PREVENTION TO PROTECT FINANCIAL INTERESTS OF THE EUROPEAN UNION
Author(s) -
Kristīne Ārensone
Publication year - 2015
Publication title -
administratīvā un kriminālā justīcija
Language(s) - English
Resource type - Journals
ISSN - 1407-2971
DOI - 10.17770/acj.v4i73.4354
Subject(s) - obligation , european union , business , treaty , financial fraud , accounting , political science , finance , law , international trade
Legal instruments that are required for fraud prevention are developed by European Union countries, however their results are not sufficient. Aim of this article is to review how legal obligation of fraud prevention to protect EU financial interests is fulfilled according to the requirements of Treaty on European Union, as well as to propose improvements for fraud mitigation of EU funds. To analyze possibilities how to prevent / mitigate fraud of EU Funds, fraud analyst’s Dr. Donald Cressey “fraud triangle” conception is reviewed in the article.