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Israeli Police Arrest 22 in Money Laundering Scam

Israeli police investigating a money-laundering scheme have arrested 22 employees of the country's largest bank.

Authorities say the employees of Bank Hapoalim helped customers transfer hundreds of millions of dollars without filing the reports required by Israeli law.

Police say the arrested employees all worked at the same branch in Tel Aviv. While no customers have yet been arrested, they say the case involves many individuals and companies overseas. In a news conference Sunday, France was the only foreign country named by police as working with investigators.

Authorities say their year-long investigation involves 80 bank accounts and 170 customers.

A spokesman for Bank Hapoalim said the bank has ordered its employees to cooperate fully with police.

Some information for this report provided by AP, AFP and Reuters.