Israel regulates AML/CTF through IMPA and the Prohibition on Money Laundering Law, 5760-2000. See the obligations and how MemberCheck supports them.
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Israel established a mature AML/CTF regime with the Prohibition on Money Laundering Law, 5760-2000, which created IMPA, the Israel Money Laundering and Terror Financing Prohibition Authority, as the country's financial intelligence unit in 2002. Compliance supervision itself sits with the sector regulators: the Supervisor of Banks at the Bank of Israel, the Israel Securities Authority, and the Capital Market, Insurance and Savings Authority.
Financial institutions must identify customers, run ongoing due diligence, keep records, and file suspicious activity reports with IMPA. Supervisors expect a corporate compliance officer, a documented compliance framework, and continual staff training, and the law provides for money-laundering sentences of up to ten years.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
AML/CTF compliance is examined by each sector's own regulator, namely the Supervisor of Banks at the Bank of Israel, the Israel Securities Authority, and the Capital Market, Insurance and Savings Authority. IMPA, established in 2002 as the financial intelligence unit, issues guidance and receives and analyses suspicious activity reports.
Israel's principal AML statute, enacted in 2000. It sets customer identification, ongoing due diligence, record-keeping, and reporting duties, with money-laundering sentences of up to ten years.
As a FATF member, Israel aligns its regime with the international standards that shape expectations for financial institutions and designated businesses.
Supervision runs through each sector's own regulator. The Supervisor of Banks at the Bank of Israel examines banks, the Israel Securities Authority covers securities firms, and the Capital Market, Insurance and Savings Authority covers insurers and financial service providers. IMPA, the Israel Money Laundering and Terror Financing Prohibition Authority, is the financial intelligence unit, and it issues guidance and receives and analyses suspicious activity reports rather than examining institutions itself.
The Prohibition on Money Laundering Law, 5760-2000, enacted in 2000, is Israel's principal AML statute, setting customer identification, ongoing due diligence, record-keeping, and reporting obligations.
Yes. Israel is a member of the Financial Action Task Force and aligns its AML/CTF regime with the FATF 40 Recommendations.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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