May 21 2017
The United States and Persian Gulf countries have agreed to collaborate to stem the flow of terrorist financing as part of a new working group, the Treasury Department said on Sunday, with the U.S. and Saudi Arabia jointly chairing the initiative.
The United States and Persian Gulf countries have agreed to collaborate to stem the flow of terrorist financing as part of a new working group, the Treasury Department said on Sunday, with the U.S. and Saudi Arabia jointly chairing the initiative. In a memorandum of understanding that announcing the newly created Terrorist Financing Targeting Center (TFTC), the Treasury described the group as a “collaborative approach to confronting new and evolving threats arising from terrorist financing.” The news comes as President Donald Trump delivers a major address to Muslims in Saudi Arabia as part of his first trip abroad.