IsraelThe Council of Europe announced that Israel became the first non-European country to agree to the Convention on Action against Trafficking in Human Beings.
The Israel Ministry of Foreign Affairs announced the signing of the first protocol of understanding on cooperation in banking and financial services with the United Arab Emirates. The agreement covers anti-money laundering and counterterrorist financing concerns.
Dutch lender avoids criminal charges, Hinduja Bank loses Cayman license, and more, in the weekly roundup.
State-licensed marijuana companies still struggling to secure banking services, U.S. organization sues Scotland for not investigating Trump cash, and more, in the midweek roundup.
According to the regulator, the Banking Corporations Sanctions Committee on anti-money laundering and counterterrorist financing issues fined the Tel Aviv, Israel-based bank for its failure to report unusual transactions to the Israel Money Laundering and Terror Financing Prohibition Authority.
The Banking Corporations Sanctions Committee of the Bank of Israel imposed a monetary penalty against the credit card company based in Tel-Aviv, Israel for violating multiple requirements of the Prohibition on Money Laundering Law, 5760-2000.
| Technical | Effectiveness |
|---|---|
| Compliant : 17 | High : 3 |
| Largely Compliant : 17 | Substantial : 5 |
| Partially Compliant : 5 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 130/141 |
| Score : 3.62/10 |
| Rank : 35/180 |
| Score : 60/100 |
| Rank : 38/133 |
| Score : 59/100 |