According to this article in Globes:
“The Ministry of Justice has begun investigating law and accounting firms suspected of non-compliance with ‘know your client’ anti-money laundering rules.”
By way of background, these regulations put obligations on lawyers, accountants, and banks to make sure their client is who he says he is.
In some quarters these regulations have the nickname “Business Prevention Rules” because asking people for copy passports, utility bills, certificates of corporate status and so on, are seen as a barrier to doing business. In practice, 100% of the honest population are mildly inconvenienced so as to try and restrict the unlawful activities of the dishonest minority.
That background explains why sometimes professionals do not properly enforce the regulations. And from time to time, whether in Israel, the UK, or Europe, the authorities clamp down and maybe prosecute a few bad apples as an example pour encourager les autres.
The Globes article is worth looking at only because of this gem of a typo:
“Sources inform “Globes” that Adv. Adi Comeriner Peled, the supervisor in the Ministry of Justice for non-financial businesses and professionals, has begun conducting lightening visits to law and accounting firms suspected of violating provisions of the law concerning documentation of deals and services provided to clients.”
I can just hear the conversation now:
“I’ve come on a lightening visit.”
“Great. Which burden are you going to lighten?”
English in Israel is often an adventure into the absurd.
[I see that some other diligent reader spotted the typo. Maybe they will fix the article. Too bad.]