Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Australian tax-fraud allegations and settlement
Mercantile Discount Bank and its parent, Israel Discount Bank, reportedly settled a matter with the Australian Taxation Office for NIS 343 million, or approximately A$137 million in the cited account. The matter involved allegations of a conspiracy with the Sydney-based Binetter family to commit tax fraud.
2020
Inclusion in United Nations database on settlement-related business
The United Nations included Mercantile Discount Bank in a database of companies involved in business activities related to Israeli settlements in the West Bank, East Jerusalem, and the occupied Golan Heights. The listing concerned activities attributed to the bank in those territories.