Procedures related to fraud investigations - EIF

Prior-check Opinion on procedures related to fraud investigations at the European Investment Fund (EIF) (Case 2014-1163)

This Opinion regards the rules in place at the European Investment Fund (EIF) for dealing with personal data in the context of procedures related to fraud investigations. Under the EIF's Anti-Fraud Policy, the EIF will not tolerate prohibited conduct by EIF staff or business partners, a prohibition covering corruption, fraud, collusion, coercion, obstruction, money laundering and terrorist financing.

The EDPS' main recommendations regard the need to re-evaluate the duration of conservation periods and harmonise these for different storage media. The EIF must verify whether transfers of personal data is necessary under certain circumstances and remind recipients that they can only process the data for the purposes of fraud investigations. The EIF must further ensure data quality where it receives anonymous allegations in the context of the EIF's whistle-blower scheme.