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WorldPosted at: Dec 11 2018 6:26AM


Israel joins watchdog group combating terror financing, money laundering

Jerusalem, Dec 11 (UNI) Israel has been granted permission to become a member of the international body combatting financing of terrorist groups. The Financial Action Task Force (FATF) confirmed Tel Aviv as its 38 member today.
Announcing Israel’s membership, the Paris-based FATF said: “Israel has undergone a rigorous assessment of its measures to combat money laundering and terrorist financing. During this demanding process, the country demonstrated its commitment to protect the integrity of the financial system. Israel has established a robust anti-money laundering and counter terrorist financing framework that is achieving good results in identifying and responding to the risks the country is facing.”
The inter-governmental body established in 1989, is a policy making organisation which describes itself as an agency that “set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.”
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Tags: #Israel joins watchdog group combating terror financing# money laundering
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