Tax data sharing sparks arrests among Israelis with unreported foreign bank accounts

Pedro Gonçalves
clock • 2 min read

The exchange of information on millions of financial accounts shared between countries under the Common Reporting Standard (CRS) is is leading to more investigations and arrests in Israel. The Israeli Tax Authority has arrested two Israelis after it received information they had ILS 77m in unreported bank accounts held abroad. This following a large number of other recent arrests based on data obtained under the CRS. The two were arrested as part of two different investigations conducted by Diamond Unit and Mole Investigator Haifa and Northern Investigations. The first new suspect,...

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