IMPA was founded in 2002 as a financial intelligence unit that operates in accordance with the FATF's international rules for combating money laundering and is overseen in Israel by MONEYVAL, the monitoring body of the Council of Europe. IMPA is a self-contained intelligence agency and is merely an administrative body with no investigative powers. As a result, IMPA acts as a buffer between the financial sector and law enforcement authorities conducting investigations. As required by law, IMPA only shares information with law enforcement authorities when it is deemed relevant to suspected money laundering or terror financing activities.
In the year 2000, the Anti-Money Laundering Act was passed. The Act’s goal is to give authorities more tools in the fight against serious and organised crime while also adhering to the FATF's international standards.
The law is divided into four categories:
This is an official filing escalated to the IMPA by the financial institutions and the gate keepers that includes details about a questionable transaction. It is further required by the Anti Money Laundering Law of Israel, as it helps in prohibiting the predicate offences of Money Laundering.
Our clients are provided with a secure and simple solution in regard to scanning for politically exposed or high-risk individuals, as well as checking names against sanction, regulatory, law enforcement, and other official lists.
Use our sophisticated scan filters and due diligence workflow to minimise the amount of time you spend sorting through, false matches. Scan results and reporting sections allow you to access customer details, whenever and wherever required, as well as download reports, to customise for further investigation or to provide evidence of your AML program compliance for auditing purposes.
* This page is intended as general information only and should not be relied on as the sole source of information for your AML obligations and AML program. Please visit your local regulatory authority sites for the latest relevant and full information.