Prevention of the laundering of proceeds of crime and financing of terrorism

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Prevention of the Laundering of Proceeds of Crime and Financing of Terrorism
• Decisive measures against laundering of proceeds of crime
• Implementation of new techniques on a globalscale against the financing of terrorism
• Appropriate ways to counter all types of trafficking


The terrorism represents a threat for security and stability of the whole world.This issue has remained outside the priorities of actors in the international arena. The conscience of the world will be more challenged on the issue following the tragic events of September 11,2001 when it emerged that money laundering could serve the causes of terrorism. In fact, the awareness of the dangers of organized crime is relatively recent, and its starting point may be located atthe G7 Summit in 1989. This is the Summit was born the FATF, these set out the measures that all national governments and banks should make plans to implement more effective fight against moneylaundering. They were revised in 1996 and 2003.

The fight against terrorism is more than concern of individual countries but it requires joint measures and regulations coming from entire internationalcommunity. In this regard, the Kingdom of Saudi Arabia participates in and supports international efforts to fight against terrorism.

Since September 11, 2001, Saudi Arabia was forced to drain thefinancial resources and ideological Islamists. After the attacks in Riyadh and a considerable Western pressure, the Saudi government has strengthened the struggle against this scourge.

Overview ofCritical Position of Saudi Arabia

Saudi Arabia is considered to be one of the breeding grounds of Extremism. As a result, there are significant risks to the security of the country, particularlyin the shared regions with Iraqi and Yemenite borders.
The incidence of attacks by domestic radicals has declined since 2004 and there is considerable condemnation of violence within the kingdom by...