Cap. 508 Art. 5Language of Schedule. 26 July 1995; to the in many cases criminal interests interests and with effective, to the possibility least in serious which can give financed by in business Communities' extradition,

The Schedule to this Act is being published in the English language only together with the English text of this Act. European Union,

REFERRING to the Act of the Council of the European Union of DESIRING to ensure that their criminal laws contribute effectively protection of the financial interests of the European Communities; NOTING that fraud affecting Community revenue and expenditure is not confined to a single country and is often committed by organized networks;

CONVINCED that protection of the European Communities’ financial calls for the criminal prosecution of fraudulent conduct injuring those requires, for that purpose, the adoption of a common definition; CONVINCED of the need to make such conduct punishable proportionate and dissuasive criminal penalties, without prejudice of applying other penalties in appropriate cases, and of the need, at cases, to make such conduct punishable with deprivation of liberty rise to extradition; RECOGNIZING that businesses play an important role in the areas the European Communities and that those with decision-making powers should not escape criminal responsibility in appropriate circumstances; DETERMINED to combat together fraud affecting the European financial interests by undertaking obligations concerning jurisdiction, and mutual cooperation,

HAVE AGREED ON THE FOLLOWING PROVISIONS: Article 1 General provisions