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A new assessment of Israel's laws, rules and controls against financial crime reflects the nation's past 20 years of efforts to adopt globally accepted standards, but may understate its continued vulnerability to certain threats, analysts said. Thanks to a "highly effective use of financial intelligence," authorities and institutions in Israel stay cognizant of their primary compliance risks: tax evasion, organized crime, official corruption and fraud, the Financial Action Task Force concluded in a 278-page report. But Israel must do more to advance a risk-based approach toward regulation, particularly among lawyers, accountants, real-estate agents and other designated nonfinancial businesses and professions,...