TFTC classifies 13 individuals, 3 entities as belonging to terrorist groups
Saudi Gazette report
Riyadh — Saudi Arabia and other member states of the Terrorist Financing Targeting Center (TFTC) on Monday classified 13 individuals and three entities as belonging to various terrorist organizations.
The individuals targeted include three individuals affiliated with Iran’s Revolutionary Guard Corps; four individuals and one company affiliated with the terrorist organization Daesh (so-called IS); and six financiers affiliated with the terrorist group Boko Haram.
The terrorist groups – Saraya Al-Ashtar and Saraya Al-Mukhtar – are among the three entities classified as terrorist organizations. Saraya Al-Ashtar (Al-Ashtar Brigades) and Saraya Al-Mukhtar (Al-Mukhtar Brigades) are the Iranian-backed Shia groups based in Bahrain.
The TFTC, a collaborative approach to addressing new and evolving threats arising from terrorist financing, was launched in May 2017 and represents a new and creative response that leverages existing tools and formalizes cooperation between the United States, the Saudi Arabia and Gulf Partners for Countering Terrorist Financing.
The objectives of the TFTC are to identify, track, and share information regarding terrorist financial networks, coordinate joint disruptive actions, and offer support to countries in the region that need assistance in building their capacity to counter terrorist financing threats.
These new classifications coincide with the passage of five years since the establishment of the Riyadh-based TFTC, during which member states of the center have targeted a wide range of terrorist financing activities with the aim of strengthening regional capacities of member states. .
This classification is in line with the commitment of member states to continue to achieve the objectives of the center, and also sends a message to the international community on the fruitful cooperation between the countries of the Gulf Cooperation Council (GCC) in the fight against the financing of terrorism. activities through this multilateral entity.