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Saudi Arabia Activates Role of Terrorist Financing Targeting Center

Saudi Arabia Activates Role of Terrorist Financing Targeting Center

Thursday, 26 October, 2017 - 10:00

As part of the efforts targeting terrorism by the Global Center for Combating Extremist Ideology (Etidal), Saudi Arabia, Bahrain and the United Arab Emirates announced Wednesday the names of two Yemeni entities and 11 individuals representing leaders, financiers and supporters of ISIS in Yemen and al-Qaeda in the Arabian Peninsula (AQAP).

The Center was inaugurated by Custodian of the Two Holy Mosques King Salman bin Abdulaziz and US President Donald Trump in the presence of leaders and representatives of Arab and Islamic countries on the sidelines of the Arab-Islamic-American Summit that was held in Saudi Arabia recently.

This action was taken in partnership with the United State as the co-chair of the recently established International Terrorist Financing Targeting Center (TFTC), which also included other TFTC members.

These measures are the first to be taken by the center since the signing of the agreement on 21 May 2017.

The establishment of the center was an expression of the strong will and determination of the member states to cooperate constructively in the fight against terrorism and it’s financing.

The measures reaffirm the keenness of Saudi Arabia and the member states to deepen the partnership with the United States to stop the financing of terrorist groups that pose threat to the security, such as al-Qaeda and ISIS organizations in Yemen.

The 11 listed Yemeni individuals are Nayef Saleh Salem al-Qaisi, Abdul Wahab Mohammed Abdul Wahab al-Hamikani, Hashem Mohsen Eidros, Nashwan al-Adani, Khalid Abdullah Saleh al-Marfidi, Saif al-Rab Salem al-Hishi, Adel Abdu Fari Osman al-Zahbani, Radwan Qanan (Radwan Mohammed Hussein Qanan), Wali Nashwan Yafei, Khaled Saeed Ghabesh al-Obeidi and Bilal Ali al-Wafi, and the two Yemeni entities are Al Rahma Charitable Association and Al Khair Supermarket.

Based on Saudi laws against terrorist crimes and its financing and in accordance with Security Council Resolution 1373 (2001), sanctions will be imposed on those names, including the freezing of any of their assets within the Kingdom.

Citizens and residents of Saudi Arabia are prohibited from engaging in any transactions with those names and designated entities.

Member States of the International Center for Combating Terrorism also imposed similar sanctions on the classified individuals and entities in accordance with their national regulations.

This is done by expanding and strengthening cooperation to combat the financing of terrorism, facilitating coordination and information sharing and building the capacity of member states to target terrorist financing networks and activities, which pose a threat to the national security of the States of the Presidency and the member States of the Center.

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