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Blanchard

Saudis agree to freeze terrorist assets

SPECIAL TO WORLD TRIBUNE.COM
Thursday, November 1, 2001
WASHINGTON Ñ The Bush administration reports that Saudi Arabia has responded to a U.S. appeal to freeze assets of suspected terrorists.

U.S. officials said King Fahd issued the order about a month after President George Bush directed the freezing of assets of suspected terrorists linked to Saudi fugitive Osama Bin Laden. The officials said the Saudi order was part of a drive by the Gulf Cooperation Council to stop the financing of terrorist groups. Until now, 81 countries have issued orders blocking suspected terrorist assets.

So far, the officials said, the Saudi move has not produced any results and the cooperation remains limited. In the past, Saudi officials have played down any link with Bin Laden, whose citizenship was annulled by Riyad in 1994.

But U.S. Treasury Undersecretary Jimmy Gurule suggested that Riyad was monitoring suspected terrorist bank accounts to provide Washington with information on their financing. Gurule would not elaborate.

"I think what's most important is cooperation," he said.

Officials said the Saudi efforts against terrorist financing will be explored when a U.S. delegation arrives in Riyad as early as next week. The delegation will be composed of representatives from the State Department and Treasury.

In Washington, representatives of 29 nations agreed to halt money-laundering, including that of "hawala," the movement of funds through money-changers and the black market.

The administration has repeatedly asserted that Saudi Arabia is cooperating with the United States on a range of anti-terrorist activities. "We're cooperating with Saudi Arabia in any number of areas Ñ law enforcement, finance, as well as other areas," State Department spokesman Richard Boucher said.

But Pentagon sources dispute this assertion. They said the Saudis have refused to cooperate on a range of military and law enforcement issues regarding Bin Laden.

"We have not yet come to grips with the pernicious consequences of the policies of Saudi Arabia," Richard Perle, head of the Pentagon's Defense Advisory Board, told the Washington-based Carnegie Endowment for International Peace. "And we have become so accustomed to regarding the Saudi administration as a friend of the United States that we have largely ignored Saudi policies that have made an enormous contribution to the growth of global terrorism."

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