Israeli Government Approves Multi-Million Shekel Compensation for Protection Racket Victims

The Israeli government has approved a financial safety net worth tens of millions of shekels for businesses and farmers affected by protection rackets, a move proposed by Finance Minister Bezalel Smotrich. This program targets those who suffer damages from extortion payments and lack insurance coverage, aiming to encourage resistance against criminals and cooperation with law enforcement.

Yariv Ben Ami, CEO of the organization 'Ad Kan,' emphasized the importance of this decision in a radio interview, stating that the government recognizes its responsibility to protect citizens. He explained that victims should not bear the financial burden alone when attacked by terrorists or criminals, as it could lead to bankruptcy and economic decline in affected areas. Ben Ami compared the new compensation framework to existing war damage compensation, where the state reimburses property losses caused by security incidents.

Since private and government insurance companies do not cover extortion-related damages, the state will provide compensation directly through property tax mechanisms. Ben Ami highlighted the need for precise implementation and public accessibility of the compensation fund, calling it a significant achievement.

However, the organization stresses that financial support is only part of the solution. Ben Ami urged all authorities, including the prosecution, courts, and police, to back the government's stance against paying protection money and to ensure offenders face imprisonment without lenient plea deals. He acknowledged that the fund alone will not eradicate the problem but must be part of a broader strategy to empower victims.

Ben Ami concluded by noting that the fight to implement the decision on the ground is just beginning, expressing determination to see the initiative fully realized despite skepticism and challenges.