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Economic Committee discussion on the sanctions: "The Americans sent a message, it's going to be a tsunami" - Voila! Of money

2024-02-14T09:20:57.771Z

Highlights: Economic Committee discussion on the sanctions: "The Americans sent a message, it's going to be a tsunami" The banks did not send their representatives to the discussion, and Bitan said he would pass a bill that would allow the issuing of warrants to be debated in the Knesset. Sapir Levy, the wife of Yanon Levy, who was sanctioned and his account was frozen, said that "we raise a herd, my brothers in Gaza, one of them is now on the British list and he is in Gaza"


The Economic Committee assessed that the issue of sanctions has only just begun and that the restrictions are expected to be imposed on many: "From the moment they started, it will not stop and we need to understand that"


On video: Settlers set fire to Palestinian property in the village of Umm Safa near Ramallah/documentation on social networks according to Article 27 A of the Copyright Law

The Knesset's Economic Committee discussed the issue of international sanctions on the settlers this morning, when the conduct of the banks was at the center of attention, and it is expected that this is the opening shot that will lead to wide-ranging sanctions, among other things, against settlers, soldiers in Judea and Samaria, and more.



The chairman of the committee, David Bitan, said that "the Americans sent a message.

What has been until now is a signal.

It's going to be a tsunami, these messages don't just go through.

The president is with us, but the administration is not with us on many things."



Bitan added that "there are already developments.

The Americans started and since then the British and French also joined.

The government needs to address and take care otherwise it won't stop, from the moment it started it won't stop and you have to understand that.

It will not end because of the views of the Democratic Party.

It will not end because everyone is following America."



The banks did not send their representatives to the discussion, and Bitan said he would pass a bill that would allow the issuing of warrants to be debated in the Knesset. "Bank Leumi is not coming and they are not working.

Only the bank representatives here.

The postal bank did not come but sent representatives.

The supervision of the banks here?

Tell the bank that they must be present at such a meeting, it is not a plan as you requested.

We need a law that will require the following orders."

Bitten

And if they issue an order for hundreds of thousands?/Knesset Spokesperson, Noam Moshkowitz Knesset Spokesperson

MK Amit Halevi said that "the order did not say that these people should become homeless and starve to death.

So why do the banks say this?

And by the way, not all banks behaved the same way.

Yanon Levy's wife is involved or not?

Is his business partner involved?

Is there a warrant against them?

So how dare you block her money too?

We need to consider the relationship between the harm to the customer and the risk that should not be underestimated that the banks are exposed to."



MK Ariel Kellner noted that "a person who has not been convicted in any procedure wakes up in the morning and cannot buy food at the grocery store. What can a person do today without a bank? In execution you have Alerts, there is salary protection. There is a procedure. Here, one bright day, there is an order, based on what?"



MK Kasif answered them that "these are crocodile tears of the robbed Cossack."

The Yesh Din organization documented hundreds of cases of pogroms and incidents of settler violence, after the 7/10 massacre and before it.

There are many undocumented cases.

All this whining, these people make others miserable when they pogrom them.

I sent letters to Gallant and warned and asked him to deal with the violence of the settlers, I warned that it would lead to an explosion.

Unfortunately, the Minister of Defense did not find it appropriate to answer."



MK Limor Son Har Melech told him, "The reason you see a drop in credit is because of people like this, your destroyers and destroyers, who slander Israel."



Sapir Levy, the wife of Yanon Levy, who was sanctioned and his account was frozen, said that "we raise a herd, my brothers in Gaza, one of them is now on the British list and he is in Gaza and we don't even know. Our farm is near Hebron and places that are identified with Hamas. We are also dealing with The left-wing organizations that harass us, they turned to the USA in an attempt to disturb us.



"It is not possible for the bank and the state to freeze my bank account without any procedure. I get up in the morning and cannot transfer a credit card to buy food and diapers. I expect the state to protect me. My husband and I work hard for our livelihood and in the morning they stole all our money. The State of Israel as a sovereign state will give Israel "B to limit us financially?

We appeal to the government to act to remove the restrictions on us so that we can conduct ourselves here like any Israeli citizen."

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To the full article

Deputy Supervisor of Banks Tali Kiser.

"There is an increasing use of sanctions. The financial system in Israel works with the world, it is not a separate economy"/screenshot, Knesset Channel

Attorney Itai Atzmon, the legal advisor to the committee, said that "the instructions state that due to the characteristics of the activity of banking corporations that are also related to ties with international bodies, a bank must conduct risk management and guidance from the supervision regarding communication with entities on sanctions lists.

Refusal to approve a transaction or termination of an engagement will be considered a reasonable refusal to provide service."



Bitan asked the representatives of the banking supervision, "Have you looked into the possibility of splitting up?

People were in a joint account, splitting the account does not contradict the order."



Tali Kiser, the deputy supervisor of the banks, said that "there is an increasing use of sanctions around issues of the prohibition of money laundering, terrorist financing, economic pressure.

International organizations and countries are increasingly using the policy of sanctions.

The financial system in Israel works with the world, it is not a separate economy."

Sapir Levy, the wife of Yanon Levy who was sanctioned.

"Woke up in the morning and can't transfer a credit card to buy food and diapers. I expect the state to protect me"/screenshot, Knesset Channel

The members of the Knesset asked - "And if we receive an order against 400 people, what will we do? About hundreds of thousands? If an order is issued against IDF soldiers or all residents of Judea and Samaria?"

Does quantity matter?

Is there a difference in terms of the Bank of Israel's policy?"



The deputy supervisor of banks replied that it was a political issue: "Unfortunately, this is not on our court.

We must protect both the state and the stability of the system, this is not the level of the supervisor of the banks.

I understand that one can turn into hundreds tomorrow, but that's on the political level."



She added that "in the case of the Russia-Ukraine war, the sanctions caught the new immigrants who have pensions and we found solutions through the Ministry of Foreign Affairs.

The ministry turned to the Americans and found an outline that would allow the pensions of these immigrants to be transferred, so I say - it's not in my field.



"For two years I have been at the event in partnership with bodies most of which are not here, political bodies, the political discourse enters into the discourse of risk management. The system cannot be perceived as one that circumvents sanctions. This will harm the economy and the economy, at the end of the day if there is a person on the sanctions list, the bank is required to scan all the accounts shared by that person or entity or geographical area".



Bitan said that another meeting will be held in a week, where the banks' different response to the sanctions will be examined, and whether a procedure can be established that will split accounts, leave a minimum amount for living, etc. According to him, "Leading it to the political sphere is not enough.

You also have a certain responsibility.

This can develop into amounts of people being sanctioned and it is starting to develop.

Throw a stone and who knows how they will get it out.

In a week we will have a yeshiva, look into these matters, give us specific answers."

  • More on the same topic:

  • Economic Committee

  • Sanctions

  • Settlers

  • Joe Biden

  • U.S

  • discussion

  • The supervision of banks

Source: walla

All business articles on 2024-02-14

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