Israeli supervisors welcome FATF membership
International body sets standards to combat money laundering and terrorism financing
Israel’s membership of the Financial Action Task Force (FATF) allows the country to play a global role in tackling money laundering and other financial crimes, said the supervisory branch of the Bank of Israel today (December 17).
The country joined the group on December 10. The FATF was created in 1989 with the aim of setting standards and promoting effective implementation of global policies to combat money laundering, terrorist financing and other financial crimes.
“The Banking Supervision
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