Convention on the Protection of the European Communities' Financial Interests

The Convention on the Protection of the European Communities' Financial Interests is an agreement among European Union member states aimed at combating fraud and corruption involving EU funds. It establishes coordinated legal measures, including criminal offenses and investigative procedures, to detect, investigate, and prosecute crimes such as embezzlement or misuse of money allocated for EU programs. This helps ensure that taxpayer money is protected and used appropriately, promoting trust and accountability within the EU financial system.