Israel's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Israel

24 May 2022 - Since the 2018 assessment of Israel's measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework.

In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since their mutual evaluation.

Consequently, to reflect Israel's progress, the FATF has now re-rated the country on the following Recommendation:

16 - Wire transfers, from compliant to largely compliant

The report also looks at whether Israel's measures meet the requirements of FATF Recommendations 2 and 15, which changed since their mutual evaluation. While Recommendation 2 remains rated compliant, the FATF agreed to downgrade the rating of Recommendation 15 (New technologies) to largely compliant.

Today, Israel is compliant on 16 Recommendations and largely compliant on 19.  It remains partially compliant on 4 Recommendations (one Recommendation is non-applicable to Israel). 

Israel will continue to report back to the FATF on its progress.

Follow-Up Report Israel - 2022

Filename
Follow-Up-Report-Israel-2022.pdf
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1 MB
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application/pdf
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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Israel Follow-Up Report - 2022

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
LC
R.13 - Correspondent banking
C
R.14 - Money or value transfer services
C
R.15 - New technologies
LC
R.16 - Wire transfers
LC
R.17 - Reliance on third parties
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
PC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
LC
R.26 - Regulation and supervision of financial institutions
LC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
PC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
C
R.33 - Statistics
C
R.34 - Guidance and feedback
C
R.35- Sanctions
LC
R.36 - International instruments
C
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Earlier reports

  • 10 Dec 2018

    Israel's measures to fight money laundering and the financing of terrorism and proliferation Israel is achieving good results in identifying and responding to its money-laundering and terrorist financing risks, but needs more focus on supervision and preventive measures. This report is a comprehensive review of the effectiveness of Israel's measures and their compliance with the FATF Recommendations.

  • 16 Dec 2013

    Mutual Evaluation of Israel Israel is an active observer of MONEYVAL, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Israel was conducted by MONEYVAL.

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