The Saudi Arabian Monetary Agency (SAMA) has begun to implement a major technical program to train judges and investigators in how to deal with the many complicated issues surrounding terrorist financing and illegal money laundering.
The program is part of a concentrated effort by the Kingdom to crack down on the illegal use of private funds to assist terrorist organizations. As part of this ongoing effort, SAMA's new program seeks to educate judges and investigators in all of the legal aspects of the issue of terror financing, including money laundering methods and methods that suspects commonly use to exchange information in order to make prosecution of those involved in such criminal activities more effective.
For years, Saudi Arabia has been surrounded by rumors over the funneling of portions of its extensive oil wealth to Islamic terrorist groups. Saudi ambassador to the US, Prince Bandar Bin Sultan and his wife were questioned this past November regarding the transfer of charity funds, which may have indirectly wound up with two of the September 11 hijackers. — (menareport.com)
© 2003 Mena Report (www.menareport.com )