ISRAEL SHOULD EXPAND DIRTY MONEY DATA DRAGNET, SAYS FATF
December 1st, 2018
THE FINANCIAL Action Task Force (FATF) and European anti-money laundering (AML) body Moneyval have concluded in a report that while Israel is achieving good results in identifying and responding to money laundering and terror financing risks, its supervision and preventive measures need improving.
Notably, the report stressed how Israel has not included real estate agents, precious metal dealers, and trust and company service providers in its AML/CFT (combating the financing or terrorism) reporting system, and lawyers and accountants are also not required to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.