The U.S. State Department today issued its annual edition of the International Narcotics Control Strategy Report, describing the efforts of key countries to attack all aspects of the international drug trade, money laundering and terrorism financing in the past year.
Volume II of the report, regarding Money Laundering and Financial Crimes, quotes the report I’ve submitted at his request to the President of the UN Security Council on December 19, 2002, titled “Terrorism Financing: Roots and trends of Saudi terrorism financing” in the following terms: “Contributions to charities in Saudi Arabia usually consist of Zakat, which refers to an Islamic religious duty with specified humanitarian purposes. According to a 2002 report to the United Nations Security Council, over the past decade al-Qaida and other jihadist organizations collected between $300 and $500 million; and the majority of those funds originated from Saudi charities and private donors.”
