The Financial Action Task Force on Money Laundering will be visiting Israel, at the behest of the Israeli Justice Ministry, ahead of debating Israel's extraction from the blacklist of countries that allow illegal money to be laundered.

The visit is scheduled for June, following a visit to Rome by an Israeli team to meet with FATF officials at the end of May.

The FATF decided to send a team after receiving an Israeli report on its progress in fighting money-laundering. The team's purpose will be to evaluate how the Israeli institutions are enforcing anti-laundering legislation.

Among other steps to combat money-laundering, the Justice Ministry has launched a designated administration staffed by investigators, analysts and legal counsels. Legislation banning the practice has been passed and Israel's financial and legal institutions have installed procedures to enforce the new laws.