EU establishes body to monitor funding under Ukraine Facility
The European Commission has ordered the establishment of the Ukraine Facility Audit Board, a body to monitor EU funding allocated under the mechanism to prevent fraud, corruption, conflicts of interest, and irregularities.
The European Commission's decision of June 12, published on Monday, was reported by Interfax-Ukraine.
The Ukraine Facility Audit Board, as stated in the decision, assesses the systems that Ukraine has in place to prevent, eliminate, report, and effectively review, investigate, and prosecute possible cases of fraud, corruption, conflict of interest, and any other irregularities in relation to any expenditure.
The body will operate until June 30, 2028, and will consist of three members appointed by the European Commission from among EU citizens with proven experience in the field of audit or financial monitoring for a two-year term.
Author - Olena Madiak, 17/06/2024
