- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-02-02T18:27:00
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert addressing the financing of Israeli extremist settler violence against Palestinians in the West Bank.
The alert, issued Thursday, aims to guide U.S. financial institutions in identifying and reporting suspicious activity associated with the funding of such violence.
“Financial institutions can play a critical role in detecting and reporting potential suspicious activity related to the financing of Israeli extremist settler violence,” said FinCEN Director Andrea Gacki in a press release. “The U.S. financial system should be protected from those who seek to support or perpetrate violence and bring further instability to the West Bank.”
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The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
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