Israel's Security Cabinet designated 35 groups linked to al-Qaida and the Taliban as terrorists. They are the first of many new sanctions aimed at global terrorist groups that focus their attacks on other countries. The designations bring Israel more in line with U.S. and European sanctions regimes.
Israel's chief financial regulator ordered the country's third largest bank to pay nearly $1 million Monday over the institution's poor anti-money laundering controls.
Israeli anti-money laundering regulations fail to address gaps in identifying beneficial owners and threats to non-bank financial institutions, a global watchdog group said Wednesday.
Israel Discount Bank said costs related to an anti-money laundering compliance settlement with the U.S. government have escalated to nearly $56 million, or more than twice the size of a regulatory penalty assessed against the institution in 2005.
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