Tax transparency watchdog urges Israel to step up moves against money laundering
After global index puts Israel in top third of most financially secretive countries, NGO calls for more public scrutiny and regulations to stop rich from hiding their assets.

Israel must immediately move to pass regulations against tax evasion and money laundering if it is to protect its credit rating and avoid being shunned by the international financial community, a tax transparency watchdog cautioned in a report published Sunday.

The strongly worded advice coincided with a plea issued Monday by Angel Gurria, secretary-general of the 36-member Organisation for Economic Co-operation and Development (OECD) to Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon to speedily pass regulations enabling Israel to honor a commitment it made in 2014 to automatically exchange financial information….Timesofisrael.com

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