Bank of Israel issues guidance to banks on wire transfers between UAE and Israeli banks

Bank of Israel issues guidance to banks on wire transfers between UAE and Israeli banks.
In anticipation of significant business activity between Israeli and UAE companies, the Israeli Supervisor of Banks issued new guidance to Israeli banks on transfer of funds from financial institutions operating in the United Arab Emirates.
Partners Timor Belan and Assaf Harel in a client update reviewing the key elements of the Guidelines.