Council of the European Union and European Parliament 5 July 2017, Directive (EU) 2017/1371 of the European Parliament and of the Council of 5 July 2017 on the fight against fraud to the Union's financial interests by means of criminal law

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Directive (EU) 2017/1371 aims to combat fraud affecting the Union's financial interests through criminal law, establishing a common definition of fraud and outlining minimum rules for criminal offenses and sanctions. Key provisions include the definition of serious VAT fraud, the requirement for Member States to impose criminal penalties for fraud-related offenses, and the necessity for cooperation among Member States to ensure effective enforcement. The Directive mandates that Member States adopt necessary laws by July 6, 2019, and emphasizes respect for fundamental rights throughout its implementation.AI