Stopping fraudsters in their tracks
Stopping fraudsters in their tracks – OLAF and Belgian Customs present results of cooperation in several large tobacco, biodiesel investigations.
Every year, more than 3400 billion euro worth of products are imported or exported in the European Union (EU), accounting for 15% of global trade. Import duties on these items alone make up more than 10% of the EU budget - a valuable source of revenue. In recent years, authorities have stepped up their joint efforts to efficiently counter customs fraud and to ensure that this income is not diverted into the pockets of fraudsters. The European Anti-Fraud Office (OLAF) and the Belgian Administration of Customs and Excise held a joint press conference of 7 December in Brussels to present the results of their joint efforts in recent, large, cross-border customs fraud investigations.