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Committee of Israel's Knesset Approves Making Tax Evasion a Predicate Offense of Money Laundering

|Proposed Changes|Israel
Israel

On 29 March 2016, the Constitution, Law, and Justice Committee of Israel's Knesset (parliament) approved legislation making intentional tax evasion a predicate offense of money laundering. If approved by the full Knesset, it would result in greater penalties for tax evasion, including prison sentences of up to 10 years and the possible confiscation of assets. The greater penalties would apply f…

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