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
30th May 2018
Russian billionaire Roman Abramovich, the owner of Chelsea soccer club who has found himself without a visa to Britain, took Israeli citizenship on Monday and will move to Tel Aviv where he has bought a property, an Israeli media report said. Abramovich has been counted as one of the richest… Read More
2nd May 2018
The White House said on Monday that information released by Israel on Iran’s nuclear program provides “new and compelling details” about Tehran’s efforts to develop “missile-deliverable nuclear weapons.” “These facts are consistent with what the United States has long known: Iran had a robust, clandestine nuclear weapons program that it has… Read More
1st May 2018
Israeli Prime Minister Benjamin Netanyahu on Monday stepped up pressure on the United States to pull out of a 2015 nuclear deal with Iran, presenting what he called evidence of a secret Iranian nuclear weapons program in a primetime address on Israeli TV. Intelligence experts and diplomats said he did… Read More
11th March 2018
The Bank of Israel said on Thursday it signed an agreement to strengthen cooperation with the New York State Department of Financial Services that includes the exchange of information and assistance on supervisory matters. They will also cooperate and share information in the event of suspicions of money laundering or… Read More
18th February 2018
Israel’s PM Benjamin Netanyahu has hit back after police said he should be charged over alleged bribery cases. He called the allegations “baseless” and said he was certain the truth would be revealed. His government is “stable”, he has insisted, despite criticism from a key member of his coalition. A… Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More