02 Aug 2016
After an 18-month wait, the Israel Tax Authority received a list of some 8,000 Israeli-held bank accounts in the Swiss branch of HSBC bank.
The Authority said on Monday that the Israeli-held accounts at the bank are worth collectively some NIS 38 billion ($10 billion). It will now start going through the list to ensure that all accounts listed are compliant with Israeli tax regulations.
“Receiving this list is a significant achievement in the war against money laundering, and combines with legislative measures and other means to obtain information about Israelis who maintain foreign bank accounts and assets overseas,” said Moshe Asher, head of the Israel Tax Authority.
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