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General News    H3'ed 4/13/19

Israel's Largest Banks in American Tax Scams

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It’s a big story in Israeli media, but not in the US: three of Israel’s largest banks have been actively laundering money for thousands of wealthy Americans in massive tax-evasion schemes. The US State Department lists Israel as a “major money laundering country.”

Israel’s three largest banks--Hapoalim, Leumi Bank and Mizrahi Tefahot--have been ordered to pay finestotaling >$1B, to the US government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes.


(Image by Bank Hapaolim)   Details   DMCA

Settlements conclude a series of DOJ probes that were related to the 2007 investigation of UBS AG, Switzerland’s largest bank. The focus of the probe turned to Israel a few years later in 2011, when it was determined that the Swiss subsidiaries of several of Israel’s largest banks had actively aided Americans seeking to launder their money.

Read the rest of the story HERE:

At israelpalestinenews.org

 

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Josh Mitteldorf, a senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.
Educated to be an astrophysicist, he has branched out from there to mathematical (more...)
 

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