IFDPAC – The European Public Prosecutor: a new European player in the prosecution of financial crimes (in French)

Every year, cross-border fraud costs Europe several billion euros. VAT fraud accounts for almost 50 billion euros of misappropriated funds. In order to fight against this fraud, and seizing the opportunity offered by the provisions of the Treaty on the Functioning of the European Union ("TFEU") in their wording following the adoption of the Lisbon Treaty in 2008, the European Union, encouraged by France and Germany, created a European Public Prosecutor's Office on 12 October 2017.