Anti-Terror Law – Israel

Counter-Terror Laws

Terror and Money Laundering

Israel Money Laundering and Terror Financing Prohibition Authority (IMPA)

IMPA was established in 2002 as a financial intelligence unit acting in accordance with the international rules concerned with the combat against money laundering prescribed by the FATF and is overseen in Israel by the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL). IMPA performs its mission in coordination with the Israel Police (IP), the Israel Security Agency (ISA) and the financial sector Regulators, and assists them in fulfilling their missions and enforcing the AML/CTF regime.

National Risk Assessment on Terror Financing, 2017

Laws, Orders, and Regulations

LawsSee above

Orders

    • Prohibition on Money Laundering (The Banking Corporations’ Requirement regarding Identification, Reporting, and Record-Keeping for the Prevention of Money Laundering and the Financing of Terrorism) Order, 5761–2001
    • Prohibition of Money Laundering (The Money Service Providers’ Requirement regarding Identification, Reporting and Record-Keeping for the Prevention of Money Laundering and the Financing of Terrorism) Order, 5774–2014
    • Prohibition of Money Laundering (The Business Service Providers Requirements Regarding Identification, Record-Keeping for the Prevention of Money Laundering and the Financing of Terrorism) Order, 5775-2014
    • Prohibition of Money Laundering (Identification, Reporting and Record-Keeping Requirements of Dealers in Precious Stones to Prevent Money Laundering and the Financing of Terrorism) Order, 5774 – 2014
    • Prohibition of Money Laundering (Obligations of Stock Exchange Members to Identify, Report and Retain Lists for the Purpose of Preventing Money Laundering and Financing Terrorism) Order, 5770-2010
    • Prohibition of Money Laundering (Provident Fund and a Company Managing a Provident Fund Requirements Regarding of Identification and Record-Keeping) Order, 5762-2001
    • Prohibition on Money Laundering (Obligations of Identification, Reporting and Keeping Records of the Postal Bank to Prevent Money Laundering and Terrorism Financing) Order, 5771-2011
    • Prohibition on Money Laundering (Obligations of Identification, Reporting and Keeping of Records by Insurer and Insurance Agent) Order, 5762-2001
    • Prohibition of Money Laundering (Obligations of Portfolio Managers to Identify, Report and Retain Lists for the Purpose of Preventing Money Laundering and Financing Terrorism) Order, 5770-2010

Regulations

    • Prohibition on Money Laundering Regulations (Rules for Use of Information Transferred to the Israel Police Force and the General Security Service for Investigation of Other Offenses and for Transferring it to Another Authority), 5766 – 2006
    • Prohibition on Money Laundering (Financial Sanction) 5762–2001
    • Prohibition on Money Laundering (Modes and Times for Transmitting Reports to the Data Base by Banking Corporations and the Entities Specified in the Third Schedule to the Law) Regulations, 5762-2002
    • Prohibition on Money Laundering (Rules for Conduct of Database and Protection of Information Therein) Regulations, 5762-2002
    • Prohibition on Money Laundering (Modes and Times for Transmitting Reports to the Data Base by Banking Corporations and the Entities Specified in the Third Schedule to the Law) Regulations, 5762-2002