BREAKING NEWS

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

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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