Israel: FX Affiliate Suspected of NIS 500 Million in Money Laundering Allegations
Unconfirmed reports of an arrest in Herzliya. The allegations appear to be money laundering. Finance Magnates understands through unconfirmed reports that an as-yet-unnamed affiliate based in Israel has been arrested on suspicion of alleged money laundering. In a police raid believed to have been conducted this week in the Mediterranean coastal city of Herzliya, it is understood the owner of a long-established affiliation and marketing company specialising in financial trading, has been arrested. Full details, at this stage, are yet