ISRAEL: HUGE MONEY LAUNDERING RING USED COMPANIES REGISTRY SYSTEM

On 7 September, Globes in Israel reported that 30 people have been arrested or detained for alleged tax evasion and false declarations. The ring allegedly managed to gain control of the computer system at the government Registrar of Companies and take control of hundreds and perhaps even thousands of companies and register them under their own names and then make false declarations through forged documents.

https://en.globes.co.il/en/article-israel-police-uncover-suspected-huge-money-laundering-ring-1001341870

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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