According to Israeli law, the bank owes a fiduciary duty to its customers. However, recently, the Israeli courts have … protecting the bank's customer. Nevertheless, due caution must be taken against a sweeping expansion of the duty. Determining the … degree and nature of the fiduciary duty is a powerful process, which not only influences the relationship between the bank …

he or she requires against the bank. Therefore, the Israeli courts have adopted a unique approach in determining that the … banking contract is a special contract — a fiduciary contract. Under a fiduciary contract, the bank, as a fiduciary, is … behavior on the bank, much higher than the standard imposed on it under contract law. By adopting a fiduciary approach, the …

A deep seated rule in Israeli case law is that the bank owes a fiduciary duty to its customers. The concept of imposing … customers in all transactions. The duty imposes a very high level of behavior on the bank, and its breach grants the customer a … wide range of remedies. During the years, this concept of the bank's fiduciary duty has become a basic premise in Israeli …

The article analyzes the impact of the Anti-Money Laundering legislation on the Israeli banking system and on the bank …