According to reports, Saudi Interior Minister, Prince Ahmed Bin Abdulaziz, affirmed that no “large scale” money laundering is taking place within the Kingdom which is leading to financing terrorism. 1 Prince Ahmed denied large-scale money laundering in the Kingdom and stated that no funds were going out of the Kingdom to finance terrorism and efforts were exerted to curb such crimes. He stated that, “Money laundering emerged mainly from invalid funds and fighting it has become a necessity. The security bodies are developing mechanisms to anticipate the occurrence of crimes”. He said combating terror-related crimes has become an international responsibility, which necessitates cooperation of the international community. The exchange of expertise and studies dealing with the dimensions of such crimes and the provision of proper solutions on how to minimize risks associated with these crimes and the prevention of their recurrence would support that responsibility. 2

• 1. No “large scale” money laundering in Saudi – official, Asharq al Awsat, September 9, 2012, at
  http://www.asharq-e.com/news.asp?section=1&id=31002
• 2. “ No funds going out of KSA to finance terror”, Arab News, September 10, 2012, at
  http://arabnews.com/no-funds-going-out-ksa-finance-terror