Enhanced Israeli anti-money laundering measures have brought a 300% increase in tax evasion alerts sent to the tax authority.
The anti-money laundering unit also received 77% more information requests from the tax authority in 2018 than it did in 2017, according to a July 31 report.
The increased enforcement was fueled by the inclusion of serious tax offenses in the list of predicate crimes in Israel’s 2017 Anti-Money Laundering Law. Under the law, regulators, prosecutors, and law enforcement officials can exchange information and intelligence.
The law also authorized the tax authority to receive all information collected by the Ministry of ...