Counter-Terrorism Law (Amendment – Sanctions on Financial Institutions) Bill
Translated from Hebrew: הצעת חוק המאבק בטרור (תיקון - סנקציות על מוסדות פיננסיים)
TL;DRThe proposal adds powers to freeze activity and impose heavy fines on financial institutions that transfer funds to terrorism.
Translated from Hebrew
What does the bill do?
The proposal amends the Counter-Terrorism Law and sets new powers for supervisory bodies, including the Supervisor of Banks. These bodies will be able to freeze or restrict activity in financial institutions, banking institutions and foreign banks that hold funds connected to terrorism. The proposal allows the imposition of fines up to a fixed amount on institutions that knowingly conduct activity with bodies that transfer payments to the families of people who carried out terror attacks. The fines will be transferred to the National Insurance Institute and will be used to compensate victims of violent incidents.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown