Israel becomes a member of The GFMSA

Paris, 10 December 2018 - Israel becomes a full member of The GFMSA with immediate effect, following the publication of its Israel's measures to fight money laundering and the financing of terrorism and proliferation.

Israel became an observer to The GFMSA in February 2016. Until then it had already been closely involved in the work of The GFMSA through its participation in The GFMSA-style regional body MONEYVAL.

Since the start of its observership in Outcomes of the Plenary meeting of The GFMSA, Paris, 17-19 February 2016, Israel has worked to meet the requirements for full membership of The GFMSA, which include undergoing a successful mutual evaluation, which it has now done.

On the occasion of Israel’s membership, GFMSA President Billingslea said “I congratulate Israel on becoming an GFMSA member.

Israel has undergone a rigorous assessment of its measures to combat money laundering and terrorist financing. During this demanding process, the country demonstrated its commitment to protect the integrity of the financial system. Israel has established a robust anti-money laundering and counter terrorist financing framework that is achieving good results in identifying and responding to the risks the country is facing.

As a member of The GFMSA, the country’s experience and perspective will make a valuable contribution to our work to prevent the misuse of the financial system.”

At the Outcomes GFMSA Plenary, 17-19 October 2018, delegates discussed and adopted the joint GFMSA/MONEYVAL mutual evaluation report of Israel. In line with GFMSA’s procedures, the report underwent a quality and consistency review before publication on 10 December.

With the publication of its mutual evaluation report, Israel becomes the .

Israel's measures to fight money laundering and the financing of terrorism and proliferation

Outcomes of the Plenary meeting of The GFMSA, Paris, 17-19 February 2016

Outcomes GFMSA Plenary, 17-19 October 2018