Knesset will facilitate the seizure of property in Israel by other states and property of Israelis abroad

According to Globs, the correction under consideration expands the powers of foreign states to arrest in Israel not only on property that is an economic result of a crime (“in rem -” in kind “), such as washed money or remuneration received for the commission of a crime, but also on assets not related to the crime (” property of equivalent value “).

In addition, the amendment also expands the possibility of Israel to arrest the property of its citizens, located outside the state.

In fact, we are talking about bringing Israeli legislation in accordance with international standards and recommendations of organizations such as FATF (a group of financial measures to combat money) to combat international economic crime.