Financial Crime World

Here is the rewritten article in Markdown format:

Palau Crafts National Anti-Corruption Strategy Following UN Review, Committed to Regional Cooperation

Palau has embarked on crafting its first National Anti-Corruption Strategy (NACS) following a recent United Nations review that highlighted successes and improvement areas in its fight against corruption.

Collaboration with UN Office on Drugs and Crime and Stakeholders

According to Palau’s Attorney General Ernestine Rengiil, the strategy will be developed in collaboration with the UN Office on Drugs and Crime and stakeholders from government, businesses, civil society, and media. This joint effort aims to ensure that the NACS is comprehensive and effective in addressing corruption in Palau.

UNCAC Review Identifies Areas for Improvement

A UN Convention Against Corruption (UNCAC) review conducted in 2022 commended Palau for its open public records policy, online platform for anonymous corruption reporting, and incentive program for public officials. However, the review also identified areas for improvement, including:

  • The need for a national anti-corruption strategy
  • Re-established Office of the Ombudsman
  • Strengthened legal frameworks for procurement and public administration transparency

National Integrity Dialogue: A Commitment to Good Governance and Regional Cooperation

The National Integrity Dialogue aims to formulate effective strategies for promoting good governance and tackling corruption in Palau. This initiative is part of Palau’s commitment to addressing corruption not only at home but also regionally.

As a member of the Pacific Islands Forum, Palau is actively supporting the Teieniwa Vision, a regional anti-corruption framework adopted in 2021. The country will also participate in a dedicated task force established by the Pacific Islands Forum to further the Teieniwa Vision’s goals.

Regional Cooperation and Commitment

“Palau remains committed to working with other UNCAC member states in our fight against corruption,” declared Palau’s Attorney General Rengiil at the recent Conference of the States Parties to UNCAC. This commitment underscores Palau’s dedication to addressing corruption not just domestically but also through regional cooperation.