Ex-Terror Finance Chief Warns Against Netanyahu's Sanctions Evasion Plan
Translated & summarized from TheMarker by baba
Former Israeli anti-money laundering chief Shlomit Wagman-Ratner warned against Prime Minister Benjamin Netanyahu's plan to develop an "alternative economy" using cryptocurrency if sanctions target Israeli banks. She stated Israel would shift from fighting sanctioned entities to evading sanctions itself, calling it "indescribable irony."
The story in 4 lines · by baba
- Former anti-money laundering chief Shlomit Wagman-Ratner criticized PM Netanyahu's sanctions evasion plan.
- Netanyahu proposed using cryptocurrency and blockchain if Israeli banks face sanctions.
- Wagman-Ratner warned Israel would shift from fighting sanctions to evading them.
- She described the potential irony as "indescribable."
Dr. Wagman-Ratner, who also led Israel's delegation to the FATF (Financial Action Task Force) and is a member of the Dvorah Forum, expressed concern that such a plan would shift Israel's position from a nation fighting sanctioned entities, like Iran, to one evading sanctions itself.
Netanyahu reportedly discussed the idea of using cryptocurrency and blockchain technology in an interview last week, as a contingency if Israeli banks face sanctions. Wagman-Ratner described the potential irony of Israel, which combats those under sanctions, becoming a party that circumvents them, stating, "Instead of chasing those who fund terror, they will chase us. This is an indescribable irony."
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