Showing posts with label terror financing. Show all posts
Showing posts with label terror financing. Show all posts

Friday, December 24, 2010

Saudi Arabia Still Fails In Stopping The Flow Of Monies To Terror Groups

Wide Saudi 'Loopholes' Let Charity Funds Slip To Terrorists -- Washington Times

Despite some success in disrupting funding for al Qaeda, Saudi authorities face major challenges in regulating the sprawling charitable sector in their desert kingdom, according to officials there and documents.

"There are still loopholes," said a Saudi official, who spoke on the condition of anonymity because he is not authorized to speak with the media. "It is still possible for - [extremist] groups to use the system for their own advantage with impunity."

Read more ....

My Comment: As long as Westerners are killed from terror attacks and not Saudis .... Saudi Arabia will have very little if any motivation to impede or stop this flow.

Monday, May 31, 2010

Saudi Money Continues To Fund Islamic Extremism


Terror Link Alleged As Saudi Millions Flow Into Afghanistan War Zone -- Times Online

Millions of dollars of Saudi Arabian money have flowed into Afghanistan over the past four years, the country’s intelligence officials say, with the sponsorship of terrorism its most likely use.

According to members of the Afghan financial intelligence unit, FinTraca, the funds, totalling more than £920 million, enter from Pakistan, where they are converted into rupees or dollars, the favoured currency for terrorist operations.

“We can trace it back as far as an entry point in Waziristan,” said Mohammed Mustafa Massoudi, the director-general of FinTraca in Kabul. “Why would anyone want to put such money into Waziristan? Only one reason — terrorism.”

Read more ....

My Comment:
Once again Saudi money is implicated in funding and financing Islamic radicalism and war. I would like to believe that one day we will wake up to this duplicity .... but the problem is that we are addicted to their oil .... and worse .... we are willing to turn a blind eye to what happens to our money when we buy it.

Sunday, July 19, 2009

The Best Way To Hurt A Terror Group (Or Any Other Organization) Is Through Their Pocket Book

Photo: Maj.-Gen. Gadi Shamni reviews an honor guard as he takes over as OC Central Command, May 2007. Photo: Ariel Jerozolimski

Security And Defense: Hitting Hamas Where It Hurts -- Jerusalem Post

On the surface, there is not really anything in common between Al Capone and Hamas. One is a famous Chicago gangster; the other is a lethal terrorist organization that is responsible for thousands of deadly attacks against Israel in recent years.

What the two have in common though is the method used by authorities to bring them down. The FBI could not find sufficient evidence to indict Capone for racketeering, and in the end he was convicted on charges of income-tax evasion.

Read more ....

My Comment: There is a lesson to be learned here when it comes to tackling terror groups or extremist organizations. That lesson is that they all need money.

Unfortunately, we in the West do not take this lesson seriously. On the one hand we criticize Saudi Arabia for not being strict on charities and money transfers to suspect terror fronts, on the other hand we donate hundreds of millions of dollars to Gaza Aid groups that are mostly infiltrated by Hamas militants and their commanders. In short .... we are paying them a salary to plot terror attacks.

As long as we keep up with this contradictory policy, we can never make seriously headway against groups like Al Qaeda, Hamas, and the dozens of others who promote terror attacks against us and our allies.

Update: Hamas is not the only group that needs money .... Seizures Show Somalia Rebels Need Money.