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Israel becomes a member of the FATF
December 17 , 2018
2041 days
809
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- Israel has recently become a full member of the Financial Action Task Force (FATF).
- It is an international body set up to combat money laundering, terrorist financing and other threats to the international financial system.
- Israel became an observer to the FATF in February 2016.
- Earlier in 2000, Israel was blacklisted by the organization and was removed from the list in 2002, but now has become the group’s 38th member.
- A FATF compliance report on Israel ranked the country as one of 3 leading Country, alongside the US and the UK, for the effective FATF operations.
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