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Israel Proposes New Cash Transaction Limits and Related Penalties

|Proposed Changes|Israel
Israel

The Israeli government has adopted a legislative memorandum (draft) introducing a limit on cash transactions in business, as well as related penalties. The proposed draft must be approved by the Knesset (national legislature of Israel) before being enacted.

According to the draft, cash and check payments to and from a business will be limited to ILS 10,000, while business related payments betw…

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