Israel is now a full member of the Financial Action Task Force because of its help in tracking down money laundering and terrorist financing networks, the organization announced.
The country was admitted to the task force Dec. 10 because it was found to be “successfully co-operating and using financial intelligence and other information to pursue money laundering and terrorist financing investigations and prosecutions,” the FATF said.
Israel’s accession to the 38-member international anti-money laundering body marks a notable turnaround from 2002, when it was still on the FATF’s blacklist of tax havens.
“Israel has undergone a rigorous assessment ...
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