ABSTRACT

FinCEN Advisory: Transactions Involving Israel, July 2000, Issue 17   [open pdf - 216KB]

The FinCEN Advisory "...is a recurring series designed for the financial, regulatory and law enforcement communities. Subsequent advisories will describe trends and developments related to money laundering and financial crime." In this issue of FinCEN: "This Advisory is being issued to inform banks and other financial institutions operating in the United States of serious deficiencies in the counter-money laundering systems of the State of Israel. The impact of such deficiencies on the scrutiny that should be given to certain transactions or banking relationships involving Israel, in light of the suspicious transaction reporting obligations of financial institutions operating in the United States, is discussed below. Israel borders the Mediterranean Sea, Egypt, Lebanon, Jordan, and the West Bank and Gaza Strip. Its population is more than 5.7 million, and its gross domestic product is approximately $100 billion."

Publisher:
Date:
2000-07
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: http://www.fincen.gov
Format:
pdf
Media Type:
application/pdf
Source:
FinCEN Advisory (July 2000), iss.17
URL:
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