Cabinet approves law to curb money laundering

April 3, 2012

saudi

Riyadh, April 3: The Council of Ministers yesterday approved the law for combating money laundering, which will also be applied to fight funding terrorism and terror organizations.


The Cabinet meeting, which was chaired by Custodian of the Two Holy Mosques King Abdullah, also approved the establishment of Makkah Techno Valley as a Saudi joint stock company.


“The new company is aimed at promoting a knowledge-based economy through partnership with educational and research institutions as well as the business and investment community,” said Culture and Information Minister Abdul Aziz Khoja.


Spelling out Makkah Techno Valley’s objectives, Khoja said it would invest in industries for the transfer of technology; prepare university students to work in the private sector; and create a suitable atmosphere for economically viable research projects.


The Cabinet statement indicated the Kingdom’s plan to issue a new law to combat crimes related to terror funding. “Rules related to the crimes of financing terrorism, terrorist acts and terror organizations specified in the anti-money laundering law will continue to be applied until the issuance of a new law to combat such crimes,” Khoja said.


During the Cabinet meeting, King Abdullah briefed the ministers on the outcome of his talks with Yemeni President Abd Rabbuh Mansur Al-Hadi and US Secretary of State Hillary Clinton in Riyadh.


The Cabinet commended the resolutions taken by the US-GCC Forum in Riyadh, which aims at setting out an official framework for promoting strategic political, military, security and economic cooperation between the two sides.


The Cabinet backed the call made by the forum to end the bloodbath in Syria immediately. It also reiterated its support for the UN envoy, Kofi Annan, for the success of his peace mission in Syria.


The forum called upon all countries that are related to the Syrian issue to support international efforts to solve the crisis quickly. The Cabinet insisted that the international efforts should give priority to immediately ending the killings in Syria.


The Cabinet commended various international efforts to contain the Syrian crisis, including the Friends of Syria conference in Istanbul that recognized the Syrian National Council as the legitimate representative of the Syrian people and an umbrella organization for opposition groups. The Cabinet praised Turkey’s honorable stand on the Syrian issue.


Referring to the nuclear security summit in Seoul, the Kingdom reiterated its desire to make Middle East free of nuclear weapons and make all possible efforts to avoid nuclear accidents and dangers.


Khoja said the Cabinet endorsed the security cooperation agreement with Malaysia, which was signed in Riyadh on April 18, 2011.


The Cabinet reappointed Prince Turki bin Saud bin Muhammad as vice president for research institutes at King Abdulaziz City of Science and Technology, for four years; Suleiman bin Ahmed Al-Oqail, minister plenipotentiary at the Foreign Ministry; Muhammad bin Ali Al-Mundarij, deputy mayor for construction and projects in Qassim; Saad bin Muhammad Al-Jasser, petroleum adviser at the Ministry of Petroleum and Mineral Resources; and Mansour bin Muhammad Al-Baziee, director general of legal department at the Transport Ministry.

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News Network
December 23,2024

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The Israeli military has completely destroyed 70 percent of buildings in the Jabalia refugee camp as the occupying regime continues with its deadly aggression against northern Gaza. 

Amos Harel, a military affairs analyst, wrote in the Israeli daily Haaretz on Sunday that the Jabalia refugee camp has become a “ghost town” amid Israel’s deadly offensive in the area.

“As far as the eye can see lie miles and miles of destroyed homes. It's hard to look away from the devastated remains of Jabalia's refugee camp in northern Gaza,” Harel said.

“I could see that even the few buildings that are still standing were badly damaged,” he added.

Harel went on to say that the Israeli military has operated in the area twice before, but this time the camp was torn down.

“Jabalia has become a ghost town. Outside, you mainly see pack after pack of stray dogs roaming around and hunting for scraps of food,” he said.

The Israeli regime dispatched tanks again to northern Gaza last month in what it said was aimed at combating members of the Palestinian resistance movement launching retaliatory strikes, and preventing them from regrouping.

The towns of Beit Lahiya, Beit Hanoun and Jabalia have been besieged for more than 40 days, without food, water, medicine, or aid, and under constant bombing, shelling, and drone attacks.

Israel launched the war on Gaza on October 7, 2023, after Hamas-led resistance groups waged the surprise Operation al-Aqsa Flood against the occupying entity in response to its decades-long campaign of devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed 45,227 Palestinians, mostly women and children, and injured 107,573 others. Thousands more are also missing and presumed dead under rubble.

The Tel Aviv regime has also imposed a “complete siege” on the territory, cutting off fuel, electricity, food and water to the more than two million Palestinians living there.

Separately on Sunday, the Ezzedine al-Qassam Brigades, the armed wing of Hamas, said its fighters hit a group of nine Israeli soldiers who had taken refuge inside a house in the west of the Jabalia refugee camp.

It made the remarks in a statement on Telegram, noting that several Israeli forces were killed and wounded in the attack which was carried out with a TBG (thermobaric) rocket.

Qassam Brigades further noted that its fighters had killed an Israeli soldier from a long distance in the central area of the Jabalia camp.

Qassam Brigades has been daily carrying out military operations against the Israeli occupation forces since October 7 last year.

On Thursday, Qassam Brigades said its fighters stabbed at close range an Israeli officer and three soldiers at the Jabalia refugee camp, resulting in their deaths.

The retaliatory operation came following another attack on Wednesday, when Hamas fighters killed five Israeli soldiers in central Jabalia, also at close range.

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News Network
December 17,2024

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US and British warplanes have carried out fresh airstrikes on the Yemeni capital Sana'a and other regions, intensifying attacks as Yemeni Armed Forces continue their anti-Israeli operations in support of the Palestinians in the Gaza Strip amid the regime’s genocide.

Yemen’s al-Masirah television network reported that US and British aircraft targeted the premises of the Yemeni Defense Ministry in the the Assafi'yah district of Sana’a early on Tuesday.

Local sources heard loud explosions echoing from the site of the strikes. 

The report, however, did not provide any details regarding potential casualties or damage.

For his part, the Yemeni information minister vehemently denounced the latest US and British airstrikes against Sana’a, stating that the act of aggression “falls within the framework of attempts to diminish the Yemeni nation’s will to support Palestinian people.”

Hashem Sharaf al-Din underscored that enemies are unable to undermine Yemen’s military capabilities, as its government and nation are standing firm in the face of their vicious and terrorist attacks.

This came hours after the spokesman for the Yemeni Armed Forces announced in a statement that the country’s missile units had carried out a military operation against an Israeli military target in Tel Aviv, using a hypersonic Palestine 2 ballistic missile

Brigadier General Yahya Saree noted that the missile strike was in support of the Palestinians in the Gaza Strip, and successfully achieved its desired objectives.

The Yemeni Armed Forces will continue their operations, and will strike all Israeli facilities within the occupied territories, Saree pointed out, adding that such strikes will not stop unless the ongoing aggression on Gaza ends and the siege is completely lifted.

Early on Monday, American and British warplanes conducted a joint airstrike on targets at the Midi district in Yemen’s northern province of Hajjah.

US and British military aircraft also targeted a number of locations in the At Tuhayta district of the strategic western province of Hudaydah. Details on potential human or material losses from the strikes were not quickly disclosed.

Yemenis have declared their open support for Palestine’s struggle against the Israeli occupation since the regime launched a devastating war on Gaza on October 7, 2023, after the territory’s resistance movements carried out Operation Al-Aqsa Flood against the occupying entity.

The Yemeni armed forces have said they will not stop their attacks as long as Israel continues its ground and aerial offensives in Gaza.

So far, Israel has killed at least 45,028 Palestinians, mostly women and children, and injured 106,962 others in Gaza.

In October, the US military unleashed B-2 stealth bombers to bomb Yemen in support of Israel. Since then, attacks against Yemen have continued in a bid to halt the retaliatory attacks by Sana'a. 

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News Network
December 18,2024

The Israeli prime minister says the regime's troops will remain stationed at a so-called “buffer zone” inside the occupied Syrian Golan Heights, seized following the fall of President Bashar al-Assad, until another arrangement is found that will "ensure the usurping regime’s security."

Benjamin Netanyahu made the comments on Tuesday from the summit of Mount Hermon, known as Jabal al-Shaykh in Arabic, the highest peak in the area — inside Syria, about 10 kilometers (6 miles) from the border with the strategic Golan Heights.

He was joined by the Israeli minister for military affairs, Israel Katz, Chief of Staff Lieutenant General Herzi Halevi, head of the so-called internal security service Shin Bet, Ronen Bat, and Northern Command chief Major General Uri Gordin.

Netanyahu reiterated that Israel would remain in the area “until another arrangement can be found that guarantees Israel’s security.”

The prime minister said he had been on the same mountaintop 53 years ago as a soldier, but the summit’s importance to the Tel Aviv regime’s security has only increased given recent events.

It appeared to be the first time a sitting Israeli leader had set foot that far into Syrian territory.

For his part, Katz said Israeli forces would remain on the Syrian summit of Mount Hermon for “as long as necessary.”

He said, “We will stay here for as long as necessary,” asserting that deployment of Israeli troops to the strategically significant summit “strengthens security.”

“Mount Hermon's summit is Israel's eyes for identifying near and distant threats. From here, we can see Hezbollah positions in Lebanon to the right, and Damascus to the left,” Katz said.

Israeli military forces captured the UN-patrolled buffer zone in the Golan Heights hours after armed groups took control of the Syrian capital of Damascus on December 8.

Israel has been widely and vehemently condemned over termination of the 1974 ceasefire agreement with Syria, and exploiting the chaos in the Arab nation in the wake of Assad’s downfall to make a land grab.

The buffer zone in the Israeli-occupied Golan Heights was created by the United Nations after the 1973 Arab-Israeli War.  A UN force of about 1,100 troops had patrolled the area since then.

Stephane Dujarric, spokesman for UN Secretary General Antonio Guterres, said on Tuesday that the presence of Israeli soldiers, however long it lasts, violates the deal that established the buffer zone.

That agreement “needs to be respected, and occupation is occupation, whether it lasts a week, a month or a year, it remains occupation,” Dujarric pointed out.

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