Israel joins global money laundering watchdog
2,200 views · Published 15 December 2018 · 2:21 · Indexed 26 September 2026
Channel: AP Archive · 2018 · News & Politics
(10 Dec 2018) Israel said it had been accepted as a member in a global money laundering and terrorism financing watchdog group. The Financial Action Task Force is an intergovernmental group of some 35 countries based in Paris that sets international standards on terror financing and money laundering. Israel said on Monday that its acceptance into the group would allow it to take an active role in global policy-making on the issues. Israeli Justice Minister Ayelet Shaked said it would change the status of Israel and would encourage more investors to invest their money in Israel. In a statement, the FATF said Israel's "experience and perspective will make a valuable contribution to our work to prevent the misuse of the financial system". The group has in the past given Israel's archenemy Iran ultimatums over terrorism funding, warning of deeper economic isolation if it doesn't comply. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/db9de15c2fd11233244a6384fd2d2dd6
