What Comes Next in the Fight against Fraud? – Questions Arise over the Transposition of the PIF Directive
On May 19, 2022, the European Commission decided to initiate an infringement procedure against Hungary, alleging that the given Member State failed to “correctly transpose” Directive (EU) 2017/1371, providing the European Union (‘EU’) rules on the fight against fraud to the Union’s financial interests by means of criminal law, also known as the PIF Directive. Besides Hungary, Estonia, Malta, and the Netherlands also landed in hot water over this issue, upon receiving letters of formal notice assigned with identical reasons, marking the commencement of infringement procedures. Read more… (Petra Ágnes Kanyuk)
It is doubtless that counterfeiting is historically coeval with the existence of money, as Karl Binding, a German legal scholar stated at the beginning of the 20th century, that: „invention of the money leads to the invention of counterfeiting.” To the commission of a crime like this, mostly competent specialists, technicians and experts of computer systems are needed. But the build-up network cannot be neglected beside the suitable technical infrastructure, since organised criminal networks diffuse counterfeit currency in the whole world and we can say that, by now – apart from unique cases – it is a global and organised crime.