PFI Convention

The PFI Convention is a multilateral treaty between the old and new member states of the European Union on the topic of fraud and came into force on 17 October 2002.

The full name of the treaty is the Convention on the protection of the European Communities' financial interests. It was introduced by the Council Act of 26 July 1995 drawing up the Convention on the protection of the European Communities' financial interests.^[1]

History

This convention harmonised the legal definition and criminal liability of fraud and replaced the old European treaties on fraud. It creates a unified definition of fraud, and signatory states have to ensure that criminal sanctions are in effect for it.^[2] All EU Member states have ratified the convention, and it is available for accession by any future incoming EU member state.^[3]

See also

• Fraud Act 2006

Treaties of the European Union and related documents
Legal basis	Treaty on the Functioning of the European Union (1957) Treaty on European Union (1992) Euratom Treaty (1957)
Main treaties	Paris (1951) Rome (1957) Merger (1965) Single European Act (1986) Maastricht (1992) Amsterdam (1997) Nice (2001) Lisbon (2007)
Accession Treaties	1972 1979 1985 1994 2003 2005 2011
Minor treaties	Netherlands Antilles Association Convention (1962) First Budgetary Treaty (1970) Second Budgetary Treaty (1975) Greenland Treaty (1984)
Minor amendments	Protocol 36 (2011) Article 136 (2011)
Abandoned treaties	Defence Community (1952) Treaty establishing a Constitution for Europe (2004)
Declarations	Schuman Declaration (1950) Solemn Declaration (1983) Charter of Fundamental Rights (2000) Berlin Declaration (2007)
Other documents	Schengen Agreement (1985) Schengen Convention (1990) Schengen acquis PFI Convention (2002) Prüm Convention (2005) Treaty Establishing the European Stability Mechanism (2012) European Fiscal Compact (2012) Agreement on a Unified Patent Court (2013) Single Resolution Fund Agreement (2014)
European Union Portal

References