Saudi Arabia has been promulgated and is set to curtail terror activities as well a financing seeing as the kingdom has been on the receiving end of international wrath for having loopholes that allow funds to be channeled to terror organizations. Under the anti-money laundering law which was promulgated in 2017, violators convicted of such crimes face jail terms from three and 15 years and a fine of up to SAR7 million ($1.87 million).
The 26-article legislation, which came into effect, aims to protect Saudi Arabia from terror attacks and maintain national security. The new law clamps down on the use of charities and non-profit institutions as facades to cover the funding of terrorist activities.
It mandates prosecutors to request records or documents from suspicious institutions and compels charities to implement provisions of the counter-terrorism law.
Saudi Arabia, a founding member of the Global Counter-terrorism Forum, provided $117 million to fight terrorism in the Sahel countries in Africa.
