ISRAEL ON FRONTLINE AGAINST TERRORISM, BUT ON BACK FOOT REGARDING MONEY LAUNDERING RULES
September 1st, 2009
BY PAUL COCHRANE
FOLLOWING the September 11, 2001 terrorist attacks on the United States, Israel was quick to come out and identify itself with the ensuing US-led 'war on terror'. This was not surprising, given the Arab-Israeli conflict and the attacks Israel has sustained from militant Palestinian groups. But while the US ramped up its counter terrorist financing and anti-money laundering legislation through the Patriot Act, Israel has been rather lackadaisical in applying international regulations and domestic compliance in the financial sector, despite the ...
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