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Yeshiva World News · Sep 9, 2026

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An estimated 450 million shekels is being transferred abroad every month by undocumented foreign workers in Israel, according to a report examining what it describes as a major black-money pipeline operating through the country’s financial system. Industry officials claim the activity is costing the state substantial tax revenue while accusing banks of benefiting from transactions involving money earned outside the formal economy.

An estimated 450 million shekels is being transferred abroad every month by undocumented foreign workers in Israel, according to a report examining what it describes as a major black-money pipeline operating through the country’s financial system. Industry officials claim the activity is costing the state substantial tax revenue while accusing banks of benefiting from transactions involving money earned outside the formal economy.

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