Global Investigations Review - The law and practice of international investigations

DOJ knocks down penalty against Israeli bank for tax evasion

By Michael Griffiths

13 March 2019

DOJ knocks down penalty against Israeli bank for tax evasion

Israel’s third-largest bank, Mizrahi-Tefahot Bank, has entered into a $195 million settlement with the US Justice Department after admitting that it helped US citizens evade tax.