Financial Crime World

Financial Fraud Statistics in Occupied Palestinian Territory Revealed

A recent report by the Financial Tracking Service (FTS) has shed light on the alarming rates of financial fraud in the occupied Palestinian territory. The report highlights the need for increased transparency and accountability in financial transactions to ensure that humanitarian aid reaches those who need it most.

Total Funding and Sector Allocation

According to the data, a staggering $1.69 billion was reported as total funding for humanitarian activities in 2023. The largest recipients of this funding were:

  • United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA)
  • World Food Programme (WFP)
  • United Nations Children’s Fund (UNICEF)

Sources of Funding

The report reveals that 40.1% of the funding came from other sources, which has raised concerns about the lack of transparency and accountability in financial transactions. The top 10 sources of funding include:

  • International organizations
  • Private donors
  • UN member states

Largest Non-Governmental Organization (NGO) Recipients

The report identifies UAE Aid as the largest non-governmental organization (NGO) recipient, followed by the International Committee of the Red Cross.

Pooled Funding Mechanisms

The data shows that allocations through pooled funding mechanisms reached $91.4 million, with the occupied Palestinian territory Humanitarian Fund receiving the majority of these funds.

Key Statistics:

  • Total funding reported: $1.69 billion
  • Funding through coordinated plans: 59.9%
  • Funding from other sources: 40.1%
  • Top 10 sources of funding: International organizations, private donors, UN member states
  • Largest NGO recipient: UAE Aid ($312.5 million)
  • Largest UN recipient: United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) ($507.2 million)

Call to Action

The Financial Tracking Service urges stakeholders to take immediate action to prevent financial fraud and ensure that humanitarian aid reaches those who need it most. The report highlights the need for increased transparency and accountability in financial transactions, and calls on governments, NGOs, and international organizations to work together to address this critical issue.

It is essential that we prioritize transparency and accountability in our efforts to provide humanitarian aid to those in need. By doing so, we can ensure that our resources are used effectively and efficiently to make a meaningful impact.