Israel picked to join task force to combat global terror financing, money-laundering

The Justice Ministry on Monday announced that Israel has been selected to join an elite global task force for combating terror financing and money-laundering, with the force’s top officials currently visiting Israel.

Joining the group makes Israel viewed as an even more attractive and safe place for investments and increases the cooperation and legal assistance that Israel can expect from other countries, said the ministry.

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of a number of countries, mainly led by the G-7, committed to fighting the increased global terror financing and money-laundering problem which was stumping authorities absent elevated inter-state cooperation.


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