Common use of Protection of financial interests of the Trust Fund Clause in Contracts

Protection of financial interests of the Trust Fund. The Manager shall take appropriate measures to ensure that, when Actions financed under the Trust Fund are implemented, the financial interests of the European Union and the Donors are protected by the application of preventive measures against irregularities, fraud, corruption and any other illegal activities, by effective detective controls and, if irregularities, fraud, corruption or any other illegal activities are detected, by the recovery of the amounts wrongly paid. The contracts and agreements signed with third parties shall provide the possibility for the Commission to carry out controls on the spot of the beneficiary, to suspend payments and implementation of actions in case issues of irregularities, fraud or corruption arise during implementation, to recover amounts wrongly paid and to apply, where appropriate, effective, proportionate and deterrent contractual penalties. OLAF shall exercise the same powers over the Trust Fund in its entirety, which includes its governance bodies and the representatives of Donors and Observers participating in such bodies, as it does in respect of the other actions carried out by the Commission.

Protection of financial interests of the Trust Fund. The Manager shall take appropriate measures to ensure that, when Actions financed under the Trust Fund are implemented, the financial interests of the European Union and the Donors are protected by the application of preventive measures against irregularities, fraud, corruption and any other illegal activities, by effective detective controls and, if irregularities, fraud, corruption or any other illegal activities are detected, by the recovery of the amounts wrongly paid. The contracts and agreements signed with third parties shall provide the possibility for the Commission to carry out controls on the spot of the beneficiary, to suspend payments and implementation of actions in case issues of irregularities, fraud or corruption arise during implementation, to recover amounts wrongly paid and to apply, where appropriate, effective, proportionate and deterrent contractual penalties. OLAF XXXX shall exercise the same powers over the Trust Fund in its entirety, which includes its governance bodies and the representatives of Donors and Observers participating in such bodies, as it does in respect of the other actions carried out by the Commission.