ISRAEL FIU PONDERS STREAMLINING ISRAEL’S COMPLEX AML/CFT REGULATION
August 1st, 2018
ISRAEL’S financial intelligence unit (FIU) is mulling ways to streamline Israel’s anti-money laundering and combating the financing of terrorism (AML/CFT) legislation. Speaking at Tel Aviv in June, Dr Shlomit Wagman, head of the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA) noted that there were 15 different AML/CFT orders for different economic sectors, creating “regulatory arbitrage between different sectors and a great deal of work to update them”. As a result, she said his agency wanted to help create and pass a uniform ...
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.