Unprecedented Fine Imposed on Firm for Money Laundering Offenses
Financial services provider Hanin Ayoub of Acre faces an unprecedented over 2 million Shekel fine and license revocation for money laundering violations.
Jerusalem, 11 May, 2026 (TPS-IL) — Israel’s Capital Market Authority is tightening measures against money laundering and has imposed an unprecedented financial sanction of over two million Shekels on a financial services business.
The sanction was imposed on Hanin Ayoub, a financial services provider from Acre, after a series of violations of the Money Laundering Prohibition Law, including failing to report transactions totaling approximately 231 million Shekels ($79 million), As part of ongoing enforcement activities carried out by the Authority to Combat Economic Crime, particularly in Arab society.
At the same time as imposing the sanction, the Commissioner revoked the violator’s license following information received from enforcement authorities and due to the severity of the violations found and led to the need to increase the penalty threshold.
