Posts Tagged ‘Saudi Arabia’

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Saudi Arabia pledges financial retaliation for disclosing their funding of 9/11 Pentagon attackers

April 28, 2016
Saudi-supported 9/11 hijackers Nawaf al-Hazmi and Khalid al-Mihdhar

Saudi-supported 9/11 hijackers Nawaf al-Hazmi and Khalid al-Mihdhar

Headline:  Saudis threaten to sell US assets if they’re held responsible for role in 9/11.

Are we supposed to give a shit if they do?  Please let the door hit them on the way out.

Al Qaeda operatives Nawaf al-Hazmi and Khalid al-Mihdhar had their rent in San Diego paid by a Saudi agent in 2000.  The duo appeared to receive less funding from Khalid Sheikh Muhammad than the other 9/11 hijackers, suggesting that KSM knew their expenses were taken care of.  In 2001, al-Hazmi and al-Mihdhar hijacked American Airlines Flight 77 to ram it into the Pentagon, killing 184 people.

Saudi Arabia may have funded additional 9/11 preparations in Florida, but that is classified.  If the U.S. discloses this classified information, the Kingdom of Saudi Arabia promises to sell off its American assets.  Is that supposed to scare us?

From Jihad Watch and Fox News on Apr. 16:

Saudis threaten to sell US assets if they’re held responsible for role in 9/11

Their role is obvious; the pages detailing their role in the 9/11 Commission Report wouldn’t have been classified for all these years if it were innocuous. Now they’re threatening blackmail unless we continue to toe the line. It’s long past time to end this sham alliance with the government that has spent hundreds of billions of dollars to enflame the jihad around the world.

“Report: Saudis vow to sell US assets if Congress decides gov was involved in 9/11,” FoxNews.com, April 16, 2016:

Saudi Arabia has reportedly told the Obama administration and congressional leaders that it will sell billions of dollars in U.S. financial assets if Congress passes a bill to make the Saudi government legally responsible for any role in the 9/11 attacks.

The administration has tried to stop Congress from passing the legislation, a bipartisan Senate bill, since Saudi Foreign Minister Adel al-Jubeir last month told Washington lawmakers his country’s position, according to The New York Times.

Al-Jubeir purportedly informed the lawmakers during a trip to Washington that Saudi Arabia would be forced to sell as much as $750 billion in Treasury securities and other American financial assets on the world market, fearing the legislation could become law and U.S. courts would then freeze the assets.

The revelations about the Saudis’ ultimatum come several days after reports that President Obama will soon decide whether to declassify 28 pages of sealed documents suspected of showing a Saudi connection to the deadly 9/11 terror attacks.

Former Florida Democratic Sen. Bob Graham told Fox News on Tuesday that the White House told him a decision on whether to declassify the documents would be made within 60 days…

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Eye on terror finance: suggested reading

April 20, 2016
  • Sanctions levied against men who collected $175,000 for jihadmore>>
  • Another anti-Israel Gaza flotilla will be sponsored by the Turkish front charity IHH… more>>
  • For $500 you can buy a hacked corporate email inbox… more>>
  • A new bill proposed by senators Marco Rubio and Mark Kirk would prohibit offshore U.S. dollar clearing by Iranmore>>
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Germany scorns Saudi-funded mosques

February 15, 2016

This report is dated (from December), but even then it was old news that Saudi Arabia funds terrorism.  The tantalizing aspect of this story is that public officials in Western democracies are actually starting to talk about it openly.  From The Telegraph:

German vice-chancellor accuses Saudi Arabia of funding Islamic extremism in the West

In a highly unusual moment of a Western politician attacking a critical Arab ally, Sigmar Gabriel says the time has come to make it clear to Riyadh the time of looking away is over

By Justin Huggler, Berlin

06 Dec 2015

The German vice-chancellor has publicly accused Saudi Arabia of financing Islamic extremism in the West and warned that it must stop.

Sigmar Gabriel said that the Saudi regime is funding extremist mosques and communities that pose a danger to public security.

“We have to make clear to the Saudis that the time of looking away is over,” Mr Gabriel told Bild am Sonntag newspaper in an interview.

“Wahhabi mosques all over the world are financed by Saudi Arabia. Many Islamists who are a threat to public safety come from these communities in Germany.”

The allegation that Saudi Arabia has funded mosques with links to Islamist terrorism in the West is not new. But it is highly unusual for a Western leader to speak out so directly against the West’s key Arab ally.

Mr Gabriel is Angela Merkel’s deputy and the leader of the German chancellor’s main coalition partner.

His intervention comes just days after German intelligence issued a rare public warning that Saudi Arabia is at risk of becoming a major destabilising force in the Arab world.

Mrs Merkel’s government quickly distanced itself from the BND intelligence service’s assessment, saying it did not reflect official policy.

But Mr Gabriel’s remarks make it clear there are serious misgivings about the Saudi regime within the government.

Wahhabism, a fundamentalist sect of Sunni Islam that inspired both Islamic State of Iraq and the Levant (Isil) and al-Qaeda is also the official form of the religion in Saudi Arabia.

The Saudis have long funded the building of Wahhabi mosques around the world to spread the sect.

King Salman has already been widely criticised in the German media for offering to build 200 mosques for Syrian refugees arriving in Germany, even as Saudi Arabia refuses to take in any refugees itself.

Mr Gabriel’s linking of Saudi-funded mosques to Islamic extremism will heighten concerns over the offer…

 

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10 biggest terror finance news stories of 2015

January 4, 2016
  1. Funding of Paris attacks

The November 2015 attackers paid for $32,000 worth of pre-attack operations including hotel lodging and car rentals through anonymous prepaid cards purchased in Belgium. Payments were loaded in small increments; rules for prepaid cards allow for reloading up to $2,500 without identity verification. Although the Islamic State of Iraq and Syria (ISIS) is responsible for the attacks and the training of several attackers, the precise source of the $32,000 is less clear. Money for travel appears to have become available after a stopover in Greece.

  1. Nuclear deal will release billions to Iran

The nuclear agreement that President Obama signed will release $100 billion to $150 billion of frozen assets to Iran, a state sponsor of terrorism. Hopefully the asset thaw will get gummed up in court while attorneys seek to collect the compensation that is owed to the victims of Iranian-sponsored terrorism first.

  1. Wahhabi funding monarch takes power

Saudi Arabia has crowned a new king, Salman bin Abdulaziz, who started his career in public service by bankrolling the exportation of radical Wahhabism throughout the Islamic world. We will be contending with well-funded terrorist groups for as long as men such as Salman rule Arabia.

  1. Coalition bombs ISIS oil fields

According to news reports, the U.S. is increasing pressure against ISIS’s financial assets by bombing oil fields in their territory. If true, the bombing means that the Obama administration has begun to recognize that it is worth destroying oil infrastructure to deprive ISIS of funding even if it means it will be harder to rebuild the infrastructure when and if ISIS retreats.

  1. Son of terror victim sues wire transfer company

The son of a slain Somali politician and singing star is suing the money transfer company Dahabshiil for its alleged involvement in issuing a bounty for the singer’s murder. Saado Ali Warsame had sung a song denouncing Dahabshiil as a financier of terror and a profiteer from inter-tribal conflict.

  1. Jihadists in Yemen fund Charlie Hebdo assassins

Al Qaeda in the Arabian Peninsula (AQAP) gave $20,000 to future Charlie Hebdo attacker Said Kouachi before he and his brother left Yemen in August 2011. The foreign funding helps explain how a group of underemployed ex-cons were able to buy AK-47s for their January 2015 attacks and pay for Said Kouachi’s international travels.

  1. PA and PLO owe damages for terror attacks

A jury found the Palestinian Authority and the PLO liable for terrorist attacks with American victims in the early 2000s, with damages set at $656 million in Sokolow v. PLO. A federal judge set $10 million bond while the PA and PLO appeal.

  1. Taliban takes control of more turf

The Washington Post reports that the Taliban has taken control or maintains a significant presence in 30 percent of Afghanistan—the most territory it has occupied since 2001. The problem with this from a financial standpoint is that the Taliban lives off the land. One of their primary sources of income is taxation on commercial activity in the areas they control. More turf means more money.

  1. Arab Bank settles with terror victims

Arab Bank PLC provided client services to Hamas affiliates which funded terrorist attacks against Israel. After years of lawsuits, the settlement was reached between the bank and American victims of these terrorist attacks, possibly for $1 billion. Together with the Sokolow, these cases show that legal tactics can be used effectively to hit terrorists where it hurts: their wallets.

  1. Debt-financing of San Bernadino attack

Syed Rizwan Farook took out a $28,000 debt consolidation loan weeks before waging an assault against his victims. This method of financing attacks is particularly popular among jihadists living in Western countries where easy credit is, well, easy.

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U.S. publicly names Saudi Hamas bankroller

September 14, 2015

Saudi high rollers have been funding jihad for decades.  U.S. officials usually only talk about it in generalities.  But the Treasury Department has recently announced sanctions against several Saudis including Abu-Ubaydah al-Agha, a high-ranking money man for the terrorist group Hamas, and Mahir Salah, who launders money for Hamas through front companies in Saudi Arabia.

From Agence France-Presse on Sept. 11 (h/t El Grillo):

US sanctions aim at Saudi-Hamas finance link

New US Treasury sanctions Thursday took aim at financial links between Saudi Arabia and the Palestinian Islamist movement Hamas, which the US labels a terrorist group.

The Treasury named Hamas political bureau member Saleh Aruri; Saudi-based Hamas financier Mahir Salah; Abu-Ubaydah Khayri Hafiz Al-Agha, a Saudi citizen and “senior Hamas financial officer”; and al-Agha’s company Asyaf International Holding Group for sanctions.

It said Aruri has since 2013 “overseen the distribution of Hamas finances” and works closely with Salah.

Salah, a dual British and Jordanian citizen, has led the Hamas Finance Committee in Saudi Arabia, which the Treasury called “the largest center of Hamas’s financial activity.”

“As of late 2014, Salah managed several front companies in Saudi Arabia that conducted money laundering activities for Hamas,” it added.

Al-Agha and his company, meanwhile, are “involved in investment, funding, and money transfers for Hamas in Saudi Arabia”…

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Money and fundamentalism: suggested reading

August 6, 2015
  • The Department of Justice considers protecting the Palestinian Authority from a civil suit verdict for the victims of terrorism… more>>
  • Lobbyists peddle influence on behalf of an alleged Hamas-financing charity from Qatar… more>>
  • Senators propose to declassify the report on Saudi sponsorship of 9/11 hijackers… more>>
  • The rebels of the Free Syrian Army have used their Western funding and support to… kidnap Westerners… more>>
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Terror finance progress: suggested news reading

April 23, 2015
  • Judge denies Arab Bank’s request to throw out a verdict against it… more>>
  • The feds have busted 5 people and 4 companies for illegal shipments to Iranmore>>
  • The U.S. passes Saudi Arabia in oil production and is poised to become energy independent in 4 years… more>>
  • A Hamas treasurer has reportedly been arrested… more>>
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