Client updates /  Regulation

The Israeli Money Laundering and Terrorist Financing Prohibition Authority (IMPA) published a document recently to raise awareness of the new challenges abuses of Generative AI and Deepfake pose to the financial sector. The document reviews the potential risks of use of these technologies, presents case studies from Israel and around the world, discusses emerging threats, and provides a list of “red flags” to help identify suspicious activities.

Amendment 13 to the Israeli Privacy Protection Law significantly strengthens the PPA’s enforcement powers, requiring insurance agencies to ensure strict compliance in handling personal and sensitive data. Agencies must implement robust data security, transparency, and control measures to avoid substantial fines and regulatory sanctions.

Prediction markets have experienced rapid growth in recent years, thanks to the emergence of platforms attracting millions of users, such as Kalshi and Polymarket. These platforms have proven successful in predicting the outcomes of diverse events.

Israel has hundreds of wineries, many of which are boutique wineries that opened and operated without any significant regulation over the years. Now, following the enactment of new regulations in early 2025 to regulate the wine market and transfer responsibilities over alcoholic beverages to the Ministry of Health, these wineries must begin the process of […]

Two key developments in the US mark a step toward stablecoin market institutionalization. the US Senate approved new legislation regulating activities in the market for the first time, and Circle – the issuer of the USDC stablecoin, launched an IPO on the NASDAQ.

The Registrar of NPOs issued updated regulatory relief to NPOs, NGOs and public benefit companies regarding their activities during the special state of emergency declared in Israel.

Upon the launch of Operation Rising Lion last Friday, the Minister of Defense declared a special national state of emergency in conformity with the Civil Defense Law, 1951. On Sunday, the government extended the state of emergency until June 30, 2025.

The Israel Securities Authority (ISA) recently published a report summarizing its findings regarding offerings of securities without a prospectus. The report is intended for entities planning to offer securities to the public and presents the ISA’s position regarding the criteria for various exemptions enabling entities to offer securities without a prospectus.

The Ministry of Health published a new outline recently, which is designed to shorten the registration time frames for new drugs. The outline is based on higher cooperation between the Ministry of Health and leading drug registration authorities around the world, while relying on approvals issued in other countries.

The Knesset approved a series of legislative amendments this past July designed to promote competition in the money market – money market mutual funds, deposits and government bonds (short-term loans maturing in less than one year) – and to enable the general public to achieve higher returns on its short-term savings.