Wednesday, September 12, 2007

Saudis Still Filling Al Qaeda's Coffers

On the sixth anniversary of the September 11 attacks, an unsurprising but no less appalling report on how much the Saudis haven't done to cut off funds to jihad groups.

Despite six years of promises, U.S. officials say Saudi Arabia continues to look the other way at wealthy individuals identified as sending millions of dollars to al Qaeda.

"If I could somehow snap my fingers and cut off the funding from one country, it would be Saudi Arabia," Stuart Levey, the under secretary of the Treasury in charge of tracking terror financing, told ABC News.

Despite some efforts as a U.S. ally in the war on terror, Levey says Saudi Arabia has dropped the ball. Not one person identified by the United States and the United Nations as a terror financier has been prosecuted by the Saudis, Levey says.

"When the evidence is clear that these individuals have funded terrorist organizations, and knowingly done so, then that should be prosecuted and treated as real terrorism because it is," Levey says.

Among those on the donor list, according to U.S. officials, is Yasin al Qadi, a wealthy businessman named on both the U.S. and U.N. lists of al Qaeda financiers one month after the 9/11 attacks.

Al Qadi, who has repeatedly denied the allegations, remains free, still a prominent figure in Saudi Arabia.

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