WASHINGTON (CNN) -- Saudi Arabia announced Wednesday that it will dissolve all Saudi international charities and fold them into a single government-sponsored entity, in an effort to stop the flow of money to terrorist organizations.

LITTLE ROCK, Arkansas - Treasury Secretary John Snow on Thursday praised Saudi Arabia's decision to shut down one of that country's largest charities as part of the financial war on terrorism.

AMSTERDAM — The Dutch government faces questions on why it did not act earlier against a Muslim charity which has been accused of supporting terrorism.

 

Federal agents on Friday raided the offices of the World Assembly of Muslim Youth in Alexandria as part of its investigation into immigration charges against Ibrahim Abdullah, an Alexandria resident and Saudi citizen who last month earned his doctorate from George Mason University.

WASHINGTON - The Saudi government Wednesday outlined plans to dismantle all international charity organizations operating in the kingdom and place their holdings under a new commission in what officials said is an effort to stop the flow of funds to terrorist groups.

Forum shopping" is the latest tactic employed by wealthy Saudis seeking to skirt American justice. First, the Saudis funded the World Trade Center terrorist attack that cost the lives of 3,000 Americans. Now the same Saudis are funding a cynical campaign using English libel law to attack Americans' First Amendment rights by suing reporters who expose them, in British courts. In early April, Random House announced on CNN

World financial powers tried to spur action against terrorist financing networks, even as much of the illicit money flow headed deeper underground.

which recently launched Dubai Diamond Exchange, will likely have to make amendments to its existing anti-money laundering law to ensure that diamonds traded through Dubai are not used by terrorist groups to transfer funds...

Federal prosecutors plan to seek indictments in the next six to 12 months of a group of prominent Muslim businessmen who are at the center of the U.S. government's largest domestic investigation into the financing of terrorism, Monday's Wall Street Journal reported.

The Bush administration and its major allies claimed significant progress in the effort to choke off the flow of money to terror organizations but admitted that recent attacks in Spain and Saudi Arabia demonstrate that more needs to be done.

Nations on the front lines of the battle to curb terror agreed on Friday to step up vigilance against individuals carrying cash across borders to fund attacks, said a joint statement from finance officials.

It was a major terrorism case with a flaw. Prosecutors strongly suspected the defendants had been visiting terrorist Web sites, yet they could not prove it.

For two and a half years, terrorism investigators have scoured the globe for evidence of where exactly al Qaeda has acquired its funds. Not long ago, they made what could be a milestone discovery.

Itamar Marcus, director of Palestinian Media Watch, an independent monitoring organization, has revealed that the World Bank is indirectly funding terrorism carried out by Palestinian Authority-based organizations.

A year ago, two federal investigators and a New York state trooper followed Dr. Rafil Dhafir, a prominent physician, as he pulled out of his driveway around seven in the morning and headed to work at his medical clinic outside Syracuse.

Federal bank regulators are preparing to impose fines on Riggs Bank as soon as this week for not reporting millions of dollars in suspicious transactions at its embassy banking division, and have notified bank officers and directors that they may be sanctioned individually, according to people familiar with the investigation.

A Saudi graduate student at the University of Idaho is accused of operating Web sites and raising money and recruits for terrorists. A radical Saudi Arabian cleric took to the Internet with gusto four years ago to promote violent jihad, justify terrorist suicide missions and demonize the United States.

The chairman of the Senate Banking Committee questioned a federal regulator Wednesday about Riggs Bank's compliance with anti-money-laundering rules as authorities investigate transactions in accounts controlled by Saudi diplomats.

In Saudi Arabia, the government has banned cash contributions in local mosques and removed cash collection boxes for charities from local shopping malls. It surmised some of that money ends up in the hands of terrorist groups.

After 20 years of helping millions of poor people around the world, a city based charity is planning a glittering evening of live entertainment.

Why is the American office of a Saudi Arabian charitable foundation, linked to Al-Qaeda, still in operation? Ironically, the Saudi government, in May 2003, closed seven of this charity’s offices in other countries – at the request of the federal government. Yet, the US offices were not closed.

One of the so-called Portland Seven will join members of two other U.S.-based jihad cells to testify against a Saudi graduate student accused of setting up a Web-based network to recruit terrorists and jihad fighters.

The Holy Land Foundation for Relief and Development, one of three charities whose assets have been frozen because they are suspected of funneling donations to terrorist organizations, has asked the Treasury Department for permission to transfer some of its charitable assets to another nonprofit organization.

The world's top banking supervisors on Wednesday called for more action to deprive terrorists of funding by sharing information and cracking down on informal money transfer networks.

The United States is working to remove barriers stopping Saudi patients from coming to the country for medical treatment, the US secretary of health said here on Monday.

Crown Prince Abdullah, deputy premier and commander of the National Guard, wants a fresh Arab summit to give teeth to joint Arab action.

On March 11, the world was again shocked by a terrorist attack that brutally targeted civilians and devastated the infrastructure of an important city. The impact of the attack on Madrid also shocked the world's financial markets and prompted a number of new initiatives to halt terrorist financing.

The Wall Street Journal reports that Riggs has come under intense scrutiny from federal investigators looking into terrorism financing. The F-B-I and federal regulators are probing huge cash withdrawals by the Saudis and have accused Riggs of failing to alert regulators of suspicious transactions.

A cream pie tossed in the face of an Israeli minister can sometimes express the distinction between a stormy ideological struggle of students and an outburst of anti-Israel and anti-Semitic protest.