Region: Israel

Arab Bank kept Hamas accounts, says ex-military official

The former head of the Israeli military’s Department of Palestinian Affairs, Arieh Spitzen, says Arab Bank kept accounts for Hamas leaders, including Sheikh Ahmed Yassin, who helped found the organisation.

29 August 2014

FATF invites Israel to membership

The Financial Action Task Force (FATF), an inter-governmental organisation which develops anti-money laundering and terrorism finance policy, has asked Israel to become a member, Israeli newspaper Haaretz reports.

27 August 2014

Four arrested following Siemens bribery allegations in Israel

The Israel Securities Authority has arrested and questioned four men in connection with an alleged scheme that saw German engineering company Siemens pay bribes to state-owned Israel Electric Corporation to rig bids between 2002 and 2005, according to the Israeli press.

20 June 2014

Bank Leumi to settle with DoJ

Bank Leumi, Israel’s second-largest bank, will soon settle with the US Department of Justice to end an investigation into allegations that it helped US citizens to evade taxes. According to Bloomberg, the bank will not enter a guilty plea, but has set aside around 950 million shekels ($275 million) to resolve the matter.

09 June 2014

Former Israeli prime minister receives bribery sentence

Ehud Olmert was yesterday sentenced to six years in prison for accepting bribes while he was mayor of Jerusalem. He must also pay a 1 million shekel (US$289,000) fine. Olmert was convicted of bribery and perjury in late March.

14 May 2014

Compugen: ISA "not investigating us"

Israel-based drug company Compugen has denied it’s the subject of an investigation by the Israel Securities Authority. The husband of Compugen’s CFO, Dikla Czaczkes Axselbrad, is being investigated for supplying family members and friends “with insider information regarding an impending collaboration between Compugen and Bayer Pharma” last year, the company said in a statement.

08 April 2014

Israel’s anti-bribery enforcement a “worry”, says TRACE International president

Alexandra Wrage, the president of anti-corruption organisation Trace International, has criticised Israel’s failure to enforce laws preventing bribery of foreign officials.

04 November 2013

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