Iranian Flag (R)_311.
(photo credit: Reuters)
Israeli corporations who do business with enemy nations, such as Iran, will now
also be punished under the Money Laundering Law, after the Knesset Economics
Committee authorized a change on Monday.
The change, which Justice
Minister Yaakov Neeman requested from the committee, means that not only will
such companies be breaking the law by dealing with the enemy, they will also be
prosecuted according to their earnings from those business
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Shuki Friedman, chairman of the Prime Minister’s Office
Committee to Promote Sanctions on Iran, said “the change is a continuation of
Sunday’s government decision to expand economic sanctions against
The government sanctions also limit state contact with companies
that trade with Iran.
The change came after the US State Department
sanctioned the Ofer Brothers Group
in May for allegedly sending a tanker to
Iran. Sammy and Yuli Ofer denied the charges. Sammy died days later at
The incident was widely considered an embarrassment to the state,
as it revealed that there was no legal barrier stopping the company’s ships from
docking in Iran.