EU launches infringement procedure against Hungary over transposition of anti-fraud regulation

The European Commission on Thursday said it launched an infringement procedure against Hungary, as well as Estonia, Malta and the Netherlands, because it did not "correctly transpose" European Union regulation on the fight against fraud affecting the EU budget. The EU's executive body sent the countries letters "of formal notice", marking the start of infringement procedures. The member states have two months to respond or the EC could take the procedures to the next level.