US Treasury chief Mnuchin to visit Israel Thursday on anti-terrorism tour

The US Treasury Department's announcement said Mnuchin's visit was a continuation of President Trump's visit to Israel in May.

By TAL SCHNEIDER/GLOBES
October 26, 2017 11:22
1 minute read.
Finance Minister Moshe Kahlon and United States Treasury Secretary Steven Mnuchin

Finance Minister Moshe Kahlon and United States Treasury Secretary Steven Mnuchin, July 25, 2017.. (photo credit: Courtesy)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

US Secretary of the Treasury Steven Mnuchin is visiting Israel Thursday in his first visit since taking office. Mnuchin landed Wednesday in Saudi Arabia for a round of meetings with Middle Eastern ministers of finance. Following meetings in Jerusalem on Thursday and Friday, Mnuchin will fly to Dubai and the United Arab Emirates. In Israel, he will meet with Prime Minister Benjamin Netanyahu, Minister of Finance Moshe Kahlon, and will tour Yad Vashem, among other things.

The office of secretary of the treasury is very important for Israel, because his or her instructions have always guided the US and its sanctions regime. A number of anti-terrorism laws authorize the secretary of the treasury to sign orders and declare that financial institutions, commercial companies, and even individuals are barred from entering the US and/or doing business with US companies.

Be the first to know - Join our Facebook page.


The US Treasury Department's announcement stated that Mnuchin's visit was a continuation of President Trump's first visit to Israel last May, after Trump announced the founding of a guidance center for the financing of terrorism. Mnuchin will be accompanied by Undersecretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker and senior Treasury Department staff specializing in financing of terrorism.

Mnuchin was appointed to his position at the beginning of Trump's term, following a long career in the private sector. He worked for 17 years at Goldman Sachs and venture capital funds, and was among the owners of mortgage company IndyMac, which he acquired when the subprime mortgage market collapsed in 2007. Mnuchin is one of the wealthiest members of Trump's cabinet. Trump's cabinet appointments were heavily criticized, after he promised in his campaign to represent economically disadvantaged groups. Mnuchin grew up in a Jewish home.

Mandelker, a lawyer, worked for Supreme Court Justice Clarence Thomas, and then as a legal adviser for the New York general prosecutor, where she was responsible for security and counter-terrorism. She was later a legal adviser in the Department of Homeland Security. She is very experienced in financing for terrorism and dealing with it.

Related Content

August 16, 2018
Israeli F-16s: a possible upgrade to the Bulgarian Air Force

By ANNA AHRONHEIM