BREAKING NEWS

S. Arabia aims cash laundering law at 'terror' groups

By REUTERS

APRIL 3, 2012 20:44

RIYADH - Saudi Arabia has passed an anti-money laundering law aimed at stopping cash getting to violent militant groups - a move sought by Washington after the 9/11 attacks - a local newspaper quoted the government as saying on Tuesday.

Saudi Information Minister Abdul-Aziz Khoja said the law contained "rules related to the crimes of financing terrorism, terrorist acts and terror organizations," according to the Arab News daily.

A further law is planned that specifically focuses on militant financing, the paper said, a probable reference to an anti-terrorism bill now before the advisory Shoura Council.

Saudi Arabia began to crack down on militants' financing after the Sept. 11, 2001 attacks on the United States and a subsequent series of bombings on its own territory.

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