11th December 2018
Israel has become a full member of the Financial Action Task Force (FATF), making it the 38th member of the global anti-money laundering body. The jurisdiction has ‘worked to meet the requirements’ for full membership, which includes undergoing a successful mutual evaluation. “Since the start of its observership in February… Read More
6th December 2018
AP — A shadowy Israeli billionaire who made his fortune in the insular world of diamonds has suddenly found his empire in jeopardy after close associates were busted in a massive smuggling ring and an employee mysteriously plummeted to her death from his high-rise Tel Aviv… Read More
5th December 2018
AP — An Israeli company known for its sophisticated phone surveillance technology on Monday rejected accusations that its snooping software helped lead to the killing of Saudi journalist Jamal Khashoggi. The NSO Group has faced similar claims in the past that its products were used to… Read More
21st November 2018
AP — Israeli police on Tuesday recommended charges be brought against the interior minister in a major corruption case. Police spokesman Micky Rosenfeld said there is an “evidentiary basis” that Aryeh Deri committed fraud and breach of trust, as well as millions of shekels in tax offenses and money… Read More
7th November 2018
The son and brother of Israeli billionaire diamond magnate Lev Leviev are among suspects arrested in Israel in connection with a diamond smuggling scheme, according to court documents released on Tuesday. The case focuses on Leviev’s company, LLD Diamonds, a leading global manufacturer and marketer of polished diamonds, Police have… Read More
3rd October 2018
AP — One of Israel’s most prominent businessmen has entered prison to begin a three-year term for securities fraud. Former IDB Holding Corp. controlling shareholder Nochi Dankner began his term Tuesday for his role in carrying out millions of dollars’ worth of fraudulent transactions in… Read More
13th August 2018
Israeli-American billionaire Shari Arison was questioned by Israeli police on Sunday in connection with an ongoing bribery investigation into the country’s largest construction firm, Shikun & Binui, her company said. Arison’s investment arm Arison Group recently sold control of Shikun & Binui to U.S.-Israeli businessman Naty Saidoff. Arison was summoned… Read More
Tom Devlin interviews Gary Osen, a high profile attorney and expert on the Anti-Terrorism Act. Read More
30th July 2018
President Tayyip Erdogan said Turkey will stand its ground after U.S. President Donald Trump threatened to slap sanctions on Ankara if it does not free an American pastor, broadcaster Haberturk reported on Sunday. Relations between the United States and Turkey are on the line in the dispute over pastor Andrew… Read More
30th May 2018
AP — Israeli banks are helping build West Bank settlements in violation of international law by providing financial services to home buyers and local councils, Human Rights Watch said in a new report published Tuesday. The report said that bank activities in or with settlements have helped encourage settlement… Read More
Must Read

Elise Bean – The Inside Track – The US Senate’s Investigations into Financial Crime

Elise Bean joins Tom Devlin (from KYC360) in conversation to discuss her new book, highlights of her investigative career, and learning points for both banks and financial crime investigators arising from the PSI's work Read More

UK freezes bank account linked to Azerbaijani Laundromat

British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies. The National Crime Agency (NCA) said on Wednesday that the Account Freezing Order (AFO), part of a new… Read More