Israel; Report on the Observance of Standards and Codesâ€”FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report assesses Observance of Standards and Codes on Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Israel. Israel has made significant progress in strengthening its regime for AML/CFT since 2000. Overall, a comprehensive legal and institutional framework for AML/CFT is now in place, and Israel complies well with the FATF 40+8 Recommendations. The assessment, nevertheless, identified a number of areas where the regime for AML/CFT could be strengthened, including the need to ensure more consistency among the relevant supervisory authorities in addressing AML/CFT problems.

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Year of publication:	2005-06-23
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Reports on the Observance of Standards and Codes \| money laundering \| terrorism \| law enforcement \| financing of terrorism \| customer identification \| international cooperation \| criminal justice \| supervisory authorities \| civil forfeiture \| terrorism financing \| share information \| criminal activity \| criminal justice measures \| terrorist \| insurance business \| prudential purposes \| currency transactions \| criminal proceeds \| transaction reports \| securities firms \| financial intelligence unit \| life insurance \| unusual transactions \| legal assistance \| criminal matters \| criminal law \| terrorist financing \| insurance transactions \| terrorist acts \| criminal offenses \| reporting requirements \| supervisory approach \| suspicious activity reporting \| economic crimes \| criminal law enforcement \| combat money laundering \| predicate crimes \| domestic legislation \| complete originator information \| money laundering issues \| foreign authority \| money laundering operations \| united nations security \| financial intelligence units \| law enforcement databases \| terrorists \| foreign branches \| funds transfers \| penal code \| international community \| customer identification requirements \| internal policies \| transaction records \| domestic law \| dual criminality \| intelligence units \| suspicious activity \| fight against terrorism \| information exchange \| currency transaction reports \| integrity standards \| criminal offence \| securities industry \| intelligence information \| criminal offense \| due diligence \| unusual transaction reports

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/211 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591048