{"id":32688,"date":"2019-02-20T22:23:57","date_gmt":"2019-02-20T22:23:57","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=32688"},"modified":"2019-02-20T22:23:57","modified_gmt":"2019-02-20T22:23:57","slug":"terror-funding-has-new-face-warns-saudi-arabias-attorney-general","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=32688","title":{"rendered":"Terror funding has \u2018new face,\u2019 warns Saudi Arabia’s attorney general"},"content":{"rendered":"
\n

\nJEDDAH: The changing dynamics of terror financing and money laundering posed a growing problem for countries and organizations seeking to halt their spread, a regional conference in Cairo was warned.<\/p>\n

\nSaudi Arabia’s Attorney General Sheikh Saud bin Abdullah Al-Mua\u2019jab told the first Middle East and North Africa conference on countering terrorism that new forms of transnational terror funding and money laundering demanded greater cooperation between states and organizations.<\/p>\n

\nThe conference, organized by the Egyptian Public Prosecution Office, aims to bolster international unity in the face of the escalating threat of terrorist financing and money laundering operations.<\/p>\n

\n\u201cSaudi Arabia has spared no effort in combating these two crimes,\u201d Al-Mua\u2019jab said.<\/p>\n

\nHe said money laundering and terror financing are at the \u201cforefront of global criminal phenomena,\u201d and often complemented each other.<\/p>\n

\n\u201cOne of the most important steps the world has taken through its international and regional systems is to engage in initiatives and agreements to combat terrorism financing and money laundering as the artery of the criminal body that strikes the global economy,\u201d he said.<\/p>\n

\n\u201cSaudi Arabia is a key partner in the international coalition against the so-called Daesh terrorist organization and leads, together with the US and Italy, the Counter Daesh Finance Group. It has also implemented laws and procedures aimed at combating money laundering and terrorist financing,\u201d he said.<\/p>\n

\nAl-Mua\u2019jab said the September 2018 report of the Financial Action Task Force (FATF) on Saudi Arabia had praised the Kingdom\u2019s commitment to the recommendations of the group.<\/p>\n

\n\u201cSaudi Arabia has spared no effort in combating these two crimes,\u201d he said. \u201cIt was one of the first countries in the world to be affected by terrorist acts. Its experience of combating the crimes has been exemplary.\u201d<\/p>\n

\nHe said measures taken by the Kingdom included the 2017 \u201cLaw of Combating Crime and its Financing,\u201d regulation of charities and the establishment of a standing committee to investigate money laundering.<\/p>\n

\nThe Kingdom\u2019s Public Prosecution Office recently released a manual outlining steps to counter money laundering, including measures for seizure and confiscation, tracking of funds and details of international cooperation.\u00a0<\/p>\n

\nThe Saudi Arabian Monetary Authority has also issued a guidebook for Saudi banks to combat money laundering.\u00a0<\/p>\n

\nA recent Saudi Cabinet meeting outlined strategic objectives for reducing the risks of the two crimes, he said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

JEDDAH: The changing dynamics of terror financing and money laundering posed a growing problem for countries and organizations seeking to halt their spread, a regional conference in Cairo was warned. Saudi Arabia’s Attorney General Sheikh Saud bin Abdullah Al-Mua\u2019jab told the first Middle East and North Africa conference on countering terrorism that new forms of…<\/p>\n","protected":false},"author":10,"featured_media":32689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-32688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle_east_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/32688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32688"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/32688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/32689"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}