AFP: Israel becomes member of global watchdog on money laundering10 December 2018 | 17:12 | FOCUS News Agency
Justice Minister Ayelet Shaked said that membership of the Paris-based Financial Action Task Force (FATF) would make Israel part of the group of countries "leading the global battle against money laundering and terror financing."
Membership of the FATF would also present Israel "as a safe and attractive place for investments" from around the world, Shaked said.
FATF president Marshall Billingslea welcomed Israel on becoming the group's 38th member, noting its "rigorous assessment of its measures to combat money laundering and terrorist financing," which enabled its membership.
Israel's "experience and perspective will make a valuable contribution to our work to prevent the misuse of the financial system," Billingslea, who is also the US assistant treasury secretary for terrorist financing, said in a statement.
The organisation had blacklisted Israel in 2000 due to what it described at the time as non-cooperation in the fight against money laundering.
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