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To: elmatador who wrote (91711)6/20/2012 3:52:23 PM
From: Haim R. Branisteanu1 Recommendation  Read Replies (1) | Respond to of 218871
 
Most if not all Israeli banks are engaged in money laundering trough RE transaction and many other illicit and criminal practices. Bank of Israel covers up for those criminal activities and the US FED look the other way if US citizens file a complaint. This is from personal experience.

As an example money laundering which involves RE transaction is perfectly legal in Israel, it is even posted on the US state dept. site in their country report.