FATF: ISRAEL AML/CFT EVALUATION FOLLOW-UP REPORT

On 24 May, FATF published its follow-up report on Israel, following the 2018 evaluation of its AML/CFT systems.  FATF has now re-rated the country on FATF Recommendation 16 (Wire transfers) from partially compliant to largely compliant.  The report also looks at whether Israel’s measures meet the requirements of FATF Recommendations 2 and 15, which changed since their mutual evaluation.  FATF agreed to upgrade the rating of Recommendation 15 (New technologies), to largely compliant.  Now it says that Israel is compliant on 16 Recommendations and largely compliant on 19.   It remains partially compliant on 4 Recommendations (1 Recommendation is non-applicable to Israel) and will continue to report back to FATF on its progress.  It will remain in regular follow up and will report back to FATF on progress achieved on improving the implementation of its AML/CFT measures in June 2024.

https://www.fatf-gafi.org/media/fatf/content/images/Follow-Up-Report-Israel-2022.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: