Financial Crime World

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Preventing Financial Fraud in Yemen: DFID Takes Action

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The Department for International Development (DFID) has announced a series of measures to prevent financial fraud and corruption in its Yemen program.

Identifying Areas of Concern

According to a report, the DFID has identified several areas where corruption and fraud are prevalent, including:

  • Payment of election officials’ salaries across the country via electronic means to limit potential for bribery or corruption.
  • Other areas that require attention to prevent financial fraud and corruption.

Combating Corruption and Fraud

To combat this issue, the DFID will introduce a range of controls and measures to protect UK aid, including:

Rigorous Risk Assessments and Monitoring

  • Conducting rigorous risk assessments for all projects and programs.
  • Implementing monitoring requirements to track program delivery chains.
  • Regular internal and external audits.

Independent Monitoring Program

  • Establishing an independent monitoring program to provide assurance of delivery.
  • Ensuring that UK funds are being used for their intended purpose.

Promoting Transparency and Accountability

The DFID will also promote transparency and accountability in Yemen through:

  • Commissioning research to understand better how key sectors of the economy operate.
  • Providing technical assistance in natural resource management.
  • Promoting international transparency initiatives such as:
    • Extractive Industries Transparency Initiative
    • Open Government Partnership

Strengthening Transparency, Accountability, and Access to Information

The agency will introduce a new program to strengthen transparency, accountability, and access to information in Yemen, including:

  • Training for political parties, parliamentarians, and media.
  • Support for marginalized groups.

Supporting Civil Society Anti-Corruption Programs

The DFID will also provide support for civil society anti-corruption programs, including:

  • Support to Transparency International’s program to strengthen national chapters across the Middle East and North Africa.

Commitment to Public Financial Management and Asset Recovery

The agency has committed to supporting an IMF-led program providing technical assistance in public financial management, asset recovery through:

  • UK G8 Presidency of the Deauville Partnership.
  • Arab Forum on Asset Recovery.
  • UK Asset Recovery Taskforce.

Pressing Governments to Tackle Corruption

According to a statement from the DFID, ministers and ambassadors will regularly press government and other actors to do more to tackle corruption using:

  • “Friends of Yemen” dialogue.
  • Existing political dialogue.