July 31 2019
Enhanced Israeli anti-money laundering measures have brought a 300% increase in tax evasion alerts sent to the tax authority.
The anti-money laundering unit also received 77% more information requests from the tax authority in 2018 than it did in 2017, according to a July 31 report.
The increased enforcement was fueled by the inclusion of serious tax offenses in the list of predicate crimes in Israel’s 2017 Anti-Money Laundering Law. Under the law, regulators, prosecutors, and law enforcement officials can exchange information and intelligence.