SAUDI ARABIA TOUGHENS MONEY LAUNDERING AND TERROR FINANCE PROCEDURES
September 1st, 2007
BY PAUL COCHRANE, in Beirut
SAUDI Arabia, the Middle East's largest economy and a major political player internationally, has been linked to terrorist financing, but despite AML and CTF measures put in place by the kingdom, very little is known about the country's implementation and adherence to regulations. In fact, the kingdom is so secretive that the International Monetary Fund (IMF), the Financial Action Task Force (FATF) and regional body MENA-FATF have been unable to shed any light on the country's recent compliance.
According to the US State Department's ...
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