Israel Police: The cyber unit of Lahav 433, along with additional Lahav units, arrested two suspects, an Israeli and a Palestinian from the Palestinian Authority, on suspicion of managing illegal currency exchange transactions.

The Cyber Unit of Lahav 433, along with additional Lahav units, arrested two suspects, an Israeli and a Palestinian from the Palestinian Authority, on suspicion of managing illegal currency exchange transactions, in which dollars were transferred from the Israeli side in exchange for shekels received in the PA. The investigation was conducted covertly over the past few weeks by the National Cyber Unit – Lahav 433, against suspects involved in offenses under the Prohibition on money laundering Law and offenses under the Financial Services Providers Law, by means of exchanging and transferring hundreds of thousands of dollars to suspects from the Palestinian Authority without reporting to the authorities, while collecting commissions from the sale of dollars. Yesterday, during an operation at the Beit Horon checkpoint, two suspects (from Rishon LeZion and Ramallah, aged 50 and 25) were apprehended and arrested during a physical money transfer of over four million NIS (in dollars and shekels).