Israel accepted into global financial watchdog group

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AP Jerusalem
Last Updated : Dec 10 2018 | 3:40 PM IST

Israel says it has been accepted as a member in a global money laundering and terrorism financing watchdog group.

The Financial Action Task Force is an intergovernmental group of some 35 countries based in Paris that sets international standards on terror financing and money laundering.

Israel says Monday that its acceptance into the group will allow it to take an active role in global policy-making on the issues.

In a statement, the FATF said Israel's "experience and perspective will make a valuable contribution to our work to prevent the misuse of the financial system."

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First Published: Dec 10 2018 | 3:40 PM IST

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