A special parliamentary committee on organised crime, corruption and money laundering has been created by the European Parliament. It has a year to investigate infiltration of the EU's legal economy, public administration and financial systems by organised crime, including mafias, and propose ways to fight it.

Misappropriation of public funds, infiltration of the public sector, and contamination of the legal economy and financial system are some of the key threats posed by criminal organisations in the EU.

Within the time limit of its mandate, the committee is to evaluate the extent of organised crime's impact on the EU economy and society and recommend legislative and other measures to enable the EU to respond to these threats at international, European and national levels.

The committee, with a one year mandate extendable once, will have the power to make on site visits and hold hearings with EU and national institutions from all over the world.

MEPs may invite representatives of business and civil society and victims’ organisations, and officials, including judges, involved in the daily fight against organised crime, corruption and money laundering.

The special committee is to start work by the end of April this year.