Private Networks Disconnected from Finance Systems: Understanding the Implications for Ultra-Orthodox Organizations and Home Buyers

In an effort to increase financial transparency and accountability, the Finance Ministry has announced that private networks belonging to ultra-Orthodox organizations Maayan HaChinuch HaTorani and HaChinuch HaAtzmai will be disconnected from its systems. This move will force the chains to open separate bank accounts and establish their own financial departments, which will be responsible for compliance with corporate regulations. The networks will no longer have access to a Treasury auditor and must conduct internal audits themselves. Despite this change, there will still be some level of supervision from the Finance Ministry over the networks, which will approve any significant expenditure or payment.

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