Fraud
Industry News
The report highlights a rise in the EPPO’s activity, which is projected to grow further as fraud detection and reporting rates increase across the EU.
Key takeaways from the report include:
➡️ €849m in assets were effectively frozen throughout the year;
➡️ 1504 investigations were opened into estimated total damages of €13.07b;
➡️ As of 31 December 2024, 2666 active investigations remain into damages of €24.8; and
➡️ 869 individuals were indicted in 2024.
✅ Firms should ensure fraud detection mechanisms are robust, effectively identifying varying types of fraud in an evolving risk landscape.
💡 Plenitude’s fraud prevention practice conducts independent assessments, supporting firms in improving detection rates to maintain compliance and reduce losses. Visit our website for more information: https://www.plenitudeconsulting.com/services/fraud-prevention-services
