The Saudi government has stepped up efforts to cut off financing for terrorists since al Qaeda started targeting it in a bombing campaign a year ago, but it still must improve in some areas to demonstrate its seriousness about the task, said a new report by an influential foreign policy group. “Saudi Arabi has made significant improvements to its anti-money laundering and counter-terrorist financing regime,” said the report by a panel convened by the Council on Foreign Relations. But the kingdom also “has yet to demand personal accountability” by prominent Saudis who help fund terrorists, the report added. The Saudi Embassy disputed the suggestion in the 54-page report — to be released today at a hearing of the Senate Governmental Affairs Committee — that Saudi officials are dragging their feet in any way in confronting terrorist funding. “We’ve done a lot on this front, and we’re planning to do more,” said Adel Jubeir, foreign policy adviser to Crown Prince Abdullah, Saudi Arabia’s de facto leader. Full Story
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