Advisory Committee for the Coordination of Fraud Prevention (COCOLAF)
As its name indicates, the Committee coordinates action by the Member States and the Commission to combat fraud affecting the Community financial interests.
The sound management of Community finances requires that fraud against the Community budget be effectively opposed. The Member States, in close cooperation with the Commission, are responsible for adopting specific measures to afford effective protection to the Community's financial and other interests. The Commission also has responsibilities arising from its task of ensuring that the Community budget is properly implemented.
This decision sets up an Advisory Committee for the Coordination of Fraud Prevention (Cocolaf) The Committee is chaired by a representative of the Commission. It consists of two representatives from each Member State, who may be assisted by two representatives of the competent national authorities, as well as representatives from the Commission departments concerned. Working parties may be set up by the Committee in agreement with the Commission.
The Chairman may invite any person with special expertise to take part in the proceedings.
If necessary, the Commission may specify a time by which the Committee must deliver its opinion.
The Committee may be consulted by the Commission on any matter relating to:
- the prevention and prosecution of fraud and all other illegal activities adversely affecting the Community's financial interests;
- cooperation between Member States or between Member States and the Commission to protect the Community's financial interests;
- protection of the financial interests of the Union including protection of the euro both note and coins against counterfeiting;
- the legal protection of the financial interests of the Community, including the police and judicial aspects of the fight against fraud.
The members of the Committee may ask the Commission for the Committee to be consulted on any matter falling within its terms of reference. The Committee is convened by the Commission.
|Act||Entry into force||Deadline for transposition in the Member States||Official Journal|
|Decision 94/140/EC||1.3.1994||-||Official Journal L 61 of 4.3.1994|
|Amending act(s)||Entry into force||Deadline for transposition in the Member States||Official Journal|
|Decision 2005/223/EC||17.3.2005||-||Official Journal L71 of 17.3.2005|