WASHINGTON -- Israel’s three largest banks -- Hapoalim Bank, Leumi Bank and Mizrahi Tefahot Bank -- have all been ordered to pay record fines, which collectively are set to total over $1 billion, to the U.S. government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes. The
Media Blackout as Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes
Similar revelations about other banks and offshore tax-evasion schemes — such as those contained in the Panama Papers — led to global protests and even the resignations of some world leaders,