On Monday 23 May, the EU Court of Auditors found that blacklisting is not being used effectively to prevent EU funds from going to individuals, companies or public bodies that are allegedly guilty of illegal acts such as fraud and corruption.
In a report on the effectiveness of the Early Detection and Exclusion System (EDES), the Court regrets that the European Commission has put very few names on its blacklist. “The US federal government excludes over fifty times more counterparties than...