CHALLENGES OF THE EUROPEAN ANTI-FRAUD OFFICE IN THE FIGHT AGAINST CORRUPTION IN THE INSTITUTIONS OF THE EUROPEAN UNION

In a world full of conflicts and wars in which we live today, corruption is a significant problem of the European Union facing the new challenges concerning the security of Europe. Corruption in the EU is a significant problem, with probable costs ranging from 200 to 1000 billion euros annually, representing up to 6% of the EU's GDP in contrast to defence spending at 1.6%, while there is armed conflict in Europe. For this reason, the EU has created the European Anti-Fraud Office to fight fraud affecting the EU budget, investigate corruption by staff of EU institutions and develop anti-fraud legislation and policies. In this context, the research is aimed at analysing the creation and function of the European Anti-Fraud Office in order to have a successful fight against corruption in the institutions of the European Union. Keywords: European Anti-Fraud Office, corruption, European Union