Other Recommended Actions
|Criminal Justice Measures and Law Enforcement||Ratify the Palermo Convention, as planned, as soon as possible.|
Harmonize domestic law to implement conventions, including separate permanent legislation that addresses the financing of terrorism, as planned.
Reconsider both thresholds for those money laundering criminal offenses that do not require showing of concealment, and the existence of two threshold amounts.
Strengthen the knowledge standard for Section 4 offenses as planned.
Review (as is occurring), fine tune, and enhance mechanisms under Israeli law for pre-trial restraint, confiscation, and seizure with a focus on enhanced civil forfeiture, time limitations for restraints, and procedures for hearing third-party rights.
Provide IMPA access to law enforcement databases or provide law enforcement with access to IMPA’s database.
Set up regularly scheduled monthly or quarterly meetings on AML/CFT for representatives of IMPA, the Police NML, Customs, Security Agency, and relevant prosecutors.
Have state attorney’s office invest more resources on training prosecutors in ML/FT and asset forfeiture.
Have the Police and state attorney’s office develop computerized methods to track ML investigatory and prosecutorial data.
|Preventive Measures for Financial Institutions||More consistency in the supervisory approach for AML/CFT issues between financial sectors could be achieved through closer coordination among the relevant authorities.|
Risks of ML/FT to nonlife insurance business needs to be assessed, with subsequent consideration of the application of the AML legislation to nonlife insurance transactions.