Israel Police officials on Tuesday 11 Nissan announced the completion of an elaborate investigation into a worldwide operation dealing in money laundering exceeding $200 million. The investigation has yielded evidence against dozens involved in the network.

According to reports, the network involved tens of chareidi-run ‘change’ businesses.

Police explain, those involved used a variety of methods for hiding the source of funds and may face charges including money laundering, forgery, fraud and tax evasion. Some of the suspects involved do not live in Israel.

(YWN – Israel Desk, Jerusalem)