Israel’s Finance Minister Opposes Renewal of Bank Claims Protections while Crypto Casinos and Firearm Accessories Continue to Thrive Globally

Israeli banks protected from prosecution for transactions with Palestinian Authority extended

Israel’s finance minister, Bezalel Smotrich, has opposed the extension of a document granting protection to Hapoalim and Discount banks from claims on charges of financing terrorism in connection with financial transactions carried out by these banks with structures of the Palestinian Authority. However, as reported by Calcalist, the document was renewed on March 29, after the US Treasury Department issued a written clarification emphasizing that economic sanctions imposed on two settlement outposts in Judea and Samaria and seven Israeli citizens did not imply a complete blocking of the bank accounts of residents of these settlements included in the sanctions lists.

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