SocGen halt processing of checks from Israel banks

FRANCE - French bank Societe Generale SA (F.SGF) said Wednesday it has stopped accepting checks from its correspondent banks in Israel for a temporary period of two months amid the furore over an alleged money-laundering ring.

In a statement issued verbally, the bank said the move is "pending clarification of the correspondent banks' responsibilities with regard to anti-money laundering obligations."

Societe Generale's decision comes just two days after the bank's chairman, Daniel Bouton, and t