Saudi Arabia is a major terror target and it’s making great strides in cutting off terror financing
June 08, 2016
The Kingdom has been a major target of terrorist organizations, but is determined to defeat it and prevent terrorists from using any resources from Saudi Arabia.
In a briefing on Saudi Arabia’s counterterrorism efforts, the Ministry of Interior’s security spokesman, Major General Mansour Al-Turki said Saudi Arabia has "faced more than 63 terrorist attacks by Al-Qaeda and ISIL, 26 of them just in the last two years. More than 200 citizens and policemen were killed in terrorist attacks. More than 2,800 suspects have been arrested since 2015.”
In order to crush terrorism and cut off terror financing, Gen. Al-Turki said the Kingdom has enforced laws to criminalize all terrorist-related activities, including joining, supporting, or recruiting for extremist groups. Saudi Arabia has taken major actions to prevent radicalization and recruiting, and has provided citizens with a phone number to report any suspected terror-related activities.
Saudi Arabia has established a money intelligence department to monitor and investigate any suspected financial transactions. Investigations are typically done in coordination with the Saudi Monetary Agency and the Saudi banks. The Intelligence Security Department within the Ministry of Interior coordinates investigations in order to monitor any abnormal transactions going through bank accounts, and will then freeze the account.
“This has led to convicting more than 226 persons of terrorism financing activities, prosecuting more than 240 suspects, freezing and investigating more than 117 suspected bank accounts, closing all unlicensed charity collection locations,” said Gen. Al-Turki. “We have contributed to international community efforts to combat terrorism and its finance through exchanging information,” he said, and said that some of that information had played a major role in “saving lives in other countries.”
Gen. Al-Turki also noted that the King Salman Center for Relief and Humanitarian Aids is responsible for any external charitable contributions from Saudi Arabia or Saudi citizens.
Saudi Arabia co-chairs the Counter ISIL Finance Group, along with the U.S. and Italy. The CIFG was established in 2015 to disrupt ISIL’s sources of revenue and its ability to move and use funds to wage its campaign of terror.