Police seize money and property worth about 60 million shekels in campaign against exchange shops in the north

Police seized money and property worth about 60 million shekels and referred 12 people for investigation in a campaign against exchange shops in the north on suspicion of money laundering and providing services to criminal organizations.

Israeli police seized money and property estimated at about 60 million shekels, and referred 12 people for investigation, in a campaign targeting exchange shops in the northern region, on suspicion of money laundering and providing financial services to criminal organizations. The campaign was carried out by the Economic Crimes Unit of Lahav 433, and resulted in raids on several locations and the seizure of vehicles, cash, and property. The police indicated that the investigations are being conducted in cooperation with the Tax Authority and the relevant anti-money laundering authorities, in an effort to trace the movement of money and uncover its sources and beneficiaries.