Israeli authorities last week ; he is accused of trying to buy a Dutch company without revealing his role in the deal. Since emigrating from what was then the Soviet Union in 1972, Gaydamak became into one of Israel’s most high-profile businessmen. He owns sports teams, is a generous philanthropist and ran for mayor of Jerusalem last year.

Groups that keep an eye on money laundering and illicit money flows were cautiously pleased after finance ministers and central bankers from the world’s 20 major economies issued this last week: We are committed to maintain the momentum in dealing with tax havens, money laundering, proceeds of corruption, terrorist financing, and prudential standards.