11/27/2006

U.S. MUST CONFRONT SAUDIS OVER TERROR FINANCING

U.S. MUST CONFRONT SAUDIS OVER TERROR FINANCING


WASHINGTON [MENL] -- The Bush administration has been urged to confront Saudi Arabia and other Arab countries to end their financing of Al Qaida and satellite groups deemed as terrorist.

A report by by the New York-based Council on Foreign Relations said the war against terrorism will fail unless Saudi Arabia is forced to end funding to Al Qaida. The report, issued by a panel of experts on counterterrorism, recommended that the administration pressure the Saudi kingdom regardless of the consequences.

Saudi Arabia, the report said, has been painfully slow in tightening restrictions on money laundering. In 1999, Saudi Arabia approved amendments intended to bring anti-money laundering laws into compliance with international standards. So far, these amendments have not been implemented.

"Significant 'source and transit' countries-especially Saudi Arabia, Pakistan, Egypt, the Gulf states, and other regional financial centers-have special responsibilities to combat terrorist financing," the report, entitled Terrorist Financing: Report of an Independent Task Force, said. "When U.S. spokespersons are only willing to say that 'Saudi Arabia is being cooperative' when they know very well all the ways in which it is not, both our allies and adversaries can be forgiven for believing that the United States does not place a high priority on this issue."

[My Comments : I never thought I would live to see the day that I would actually agree with anything the globalist/socialist cabal at the CFR has to say. But when you're right, you're right. The sooner we awake to the fact that Saudi Arabia is NOT a friend, the better off we're all going to be. Any good investigator will tell you "follow the money". If the bad guys learned anything from the BCCI scandal, they learned where they went wrong and how to be more careful about covering their tracks in the future. Meanwhile, the beat goes on and on as the deep pockets of Arab oil finance Islamofascism and we pay the piper.

Sadly, the current administration has too many conflicts of interest in this regard. So I suspect that the short term future will just mean more of the same. Not that The Commiecrats have any answers either. Perhaps our politicians are afraid to probe into these matters too deeply for fear that their own names will appear on someone's accounting ledger. That wouldn't really surprise me at all. It's just business as usual inside The Beltway. - Martel
]