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Israel’s Bank Leumi Eyes Growth as U.S Tax Probe Rankles Rivals
David Marchant
Posted: Tuesday, August 21, 2018
Joined: 9/13/2007
Posts: 1273

Bloomberg: Bank Leumi Le-Israel BM, one of Israel’s largest lenders, is poised to increase its share of the domestic mortgage market as its rivals become increasingly mired in a long-running U.S. probe into tax evasion and money laundering.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.