Israel: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, June 23, 2005
Source details
- Canonical URL
- Israel: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: June 23, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819588.002
Assessment summary and key findings
- The report assesses Observance of Standards and Codes on Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Israel.
- Israel has made significant progress in strengthening its regime for AML/CFT since 2000.
- Overall, a comprehensive legal and institutional framework for AML/CFT is now in place.
- Israel complies well with the FATF 40+8 Recommendations.
- The assessment identified a number of areas where the regime for AML/CFT could be strengthened, including the need to ensure more consistency among the relevant supervisory authorities in addressing AML/CFT problems.
Areas for strengthening (as identified in the assessment)
- Ensure more consistency among the relevant supervisory authorities in addressing AML/CFT problems.
- Other specific areas for strengthening were identified by the assessment (no further detail provided on the landing page).
Subjects and keywords covered
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Financial institutions, Insurance, Money laundering, Terrorism financing.
- Keywords: AML legislation, AML training, Anti-money laundering and combating the financing of terrorism (AML/CFT), authority, CFT, component implementation, CR, enforcement program, financial institution, Insurance, ISCR, Israel money laundering Prohibition Authority, Israel's AML provision, Money laundering, Provide IMPA, Terrorism financing.