RIYADH: A center to fight terror financing is set to be established under a joint agreement between US and Gulf leaders.
A memorandum of understanding (MoU) was exchanged in the presence of Saudi Arabia’s King Salman, leaders and heads of delegations of the Gulf Cooperation Council (GCC), and US President Donald Trump, according to the Saudi Press Agency.
In the memorandum exchange, the GCC was represented by Saudi Crown Prince Mohammed bin Naif, while the American side was represented by US Secretary of State Rex Tillerson.
The agreement was signed at a summit in Riyadh attended by the six-nation GCC and US representatives including President Donald Trump.
“It is the, we hope, farthest reaching commitment to not finance terrorist organizations that (the US) Treasury will be monitoring with each of their counterparts,” Dina Powell, White House deputy national security adviser for strategy, told Reuters.
“The unique piece of it is that every single one of them are signatories on how they’re responsible and will actually prosecute the financing of terrorism, including individuals.”
