Financial Crime World

Financial Institution Anti-Corruption Policies Crucial in Palestinian Territory, Occupied

Corruption is a pervasive issue that can have far-reaching consequences on development prospects in any country. In the Palestinian territory, occupied by Israel since 1967, corruption has been identified as a key concern for the population.

The Importance of Anti-Corruption Efforts

The UK’s Department for International Development (DFID) is committed to transparency, results, and value for money in its development programmes. In recognition of the importance of anti-corruption efforts, DFID has developed an explicit anti-corruption strategy for each of its main partner countries, including the Palestinian Authority.

Measures to Ensure Integrity and Value for Money

In the occupied Palestinian territories, DFID will continue to ensure integrity and value for money through a range of measures, including:

  • Rigorous risk assessments
  • Monitoring requirements for all projects and programmes
  • Strengthening Palestinian civil society
  • Promoting transparency in public financial management
  • Encouraging the passage of access to information legislation

Protecting UK Aid Funds

To protect UK aid funds in the occupied Palestinian territories, DFID has implemented a range of standard controls and measures, including:

  • Rigorous risk assessments
  • Monitoring requirements
  • Regular internal and external audits
  • Support for UNRWA in implementing recommendations arising from its recent beneficiary feedback exercise

Supporting Anti-Corruption Efforts

Over the next three years, DFID will support the PA in tackling corruption through a range of initiatives, including:

  • Continuing to support public financial management reforms
  • Strengthening Palestinian civil society
  • Promoting transparency in public services
  • Maintaining pressure on UNRWA to further improve decision-making and budget allocation systems

Conclusion

The agency’s efforts are critical to reducing corruption and promoting transparency in the occupied Palestinian territories. By supporting anti-corruption efforts, DFID can help ensure that aid funds are used effectively and efficiently to benefit the most vulnerable members of society.