Transferring dollars to on Israeli law


Aug 17, 2020 | Community | Advice | National
Transferring dollars to on Israeli law

We have an amount to transfer (from an inheritance trust fund) that is over the reporting threshold. The transfer company is asking for information that it is impossible for the American bank that was holding the funds in trust to answer.  (Original source of the funds, tax information, etc.)

We're trying to find out what Israeli law ACTUALLY requires, and recommendations on companies that can handle such a transfer.  Or how to deal directly with our bank, Poalim, to transfer the money directly, despite poor Hebrew.  Thank you in advance.


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