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US Treasury Secretary Stephen T. Noting that the Center for Targeting Terrorist Funds, which the Kingdom and the United States of America signed an agreement to establish, will improve the existing tools and cooperation between partners in the Gulf to enable a strong confrontation of emerging threats. "The Department of the Treasury will bring the vast expertise of our intelligence office to this innovative new effort," he added. We will jointly lead the center with the Kingdom, and we will work in cooperation with the countries of the Gulf Cooperation Council to combat these global terrorist networks. He said in a press statement: “The United States of America and the Gulf states have worked hard to strengthen cooperation in the field of combating terrorist financing, and this relationship was represented in the exchange of information, regular engagement at the highest levels and at the level of experts, and the joint disruptive actions carried out by the United States and the Gulf Cooperation Council countries together through the years". He added that the United States, Saudi Arabia, and other strategic partners in the Gulf are confronting new and emerging terrorist networks, including ISIS, Al Qaeda, Hezbollah, Lashkar Taiba, the Taliban, and the Haqqani Network, and this cooperation would also address many transnational threats. Pop-ups across the Middle East, including Iran, the Assad regime, and the situation in Yemen.
Center goals:
And he indicated that the goals of the center are to identify, track and exchange information about terrorist financing networks, coordinate joint disruptive actions, and provide support to countries in the region that need assistance in building capacities to combat terrorist financing threats. He explained that the memorandum of understanding on combating terrorist financing was signed by the Kingdom of Bahrain, Kuwait, Sultanate of Oman, Qatar, Saudi Arabia, the United Arab Emirates and the United States of America, pointing out that the goal of the memorandum represents a bold historic effort to expand and strengthen cooperation between the participants in combating terrorist financing. and urging additional measures to be taken in this regard, based on the principle of mutual benefit. He explained that the memorandum stated that the center is jointly chaired by the Kingdom of Saudi Arabia (Ministry of the Interior) and the United States of America (US Department of the Treasury) with the aim of facilitating cooperation, exchanging information and building capabilities in order to target terrorist financing networks and related activities of common interest that pose threats to security. The national center of the countries of the participants, adding that the center works to benefit from the experience of the participants in order to target specific networks of terrorist financing, and also to identify regional partners and work to provide them with the capabilities they need to combat terrorist financing within their borders. And he indicated that the participants work through the center to identify, track, and exchange information related to terrorist financing networks and related activities that constitute a common concern, including threats related to them emanating from terrorist states and organizations, and to coordinate actions, such as designating types of sanctions or other disruptive actions against them. terrorists and their financing networks, and providing expert support to participants who need assistance in building capacity to combat terrorist financing threats, including conducting training workshops on best practices in line with FATF standards.
How the center works:
The participants in the center work to combat terrorist financing by increasing the exchange of information and coordinating sanctions and other disruptive measures against terrorist financing networks, in order to achieve the goals of coordinating actions against threats at the highest levels and increasing joint actions as soon as possible, and launching regional workshops with the aim of strengthening collective capabilities in Combating terrorist financing.
The statement stated that the participants begin their activities according to this memorandum, and any review of its contents should be decided in writing by the participants, and financing and other technical details as necessary are reached between the participants, and the statement stated that the memorandum of understanding is not legally binding and is not intended to lead to The emergence of any rights or duties under local and international laws, and the participants work to address any differences of opinion arising between them in terms of interpretation of the memorandum, and any participant may stop cooperation under the memorandum at any time, but in such a case he must seek to deliver a written notice before three At least months from the date he stopped cooperating with the other participants.
Supporting the capabilities of countries in the region to combat threats
Nader Al-Enezi (Tabuk)