Terror Finance Partnership Between US and Saudis – May 22nd 2017


The United States, Saudi Arabia and five other Persian Gulf countries have agreed to create a so-called “targeting center” to jointly combat terrorism finance in a push clearly aimed at sending a message to Iran, which the U.S. considers a top state sponsor of terrorist activity. The U.S. Treasury Department heralded the Terrorist Financing Targeting Center on Sunday, the same day President Donald Trump delivered a speech in the Saudi capital of Riyadh, urging Arab and Islamic leaders to unite and do their share to defeat Islamist extremists. Trump singled out Iran as a key source of funding and support for militant groups. “This new Terrorist Financing Targeting Center will enhance existing tools and cooperation with partners in the Gulf to forcefully address evolving threats,” said Treasury Secretary Steven T. Mnuchin. “Treasury will offer the vast expertise of our Office of Terrorism and Financial Intelligence to this creative new effort.
Bret Wolf, Regulatory Intelligence.