The Saudi Ministry of Interior has revealed that various government agencies and the judiciary had checked 2,285 bank accounts for suspected funding of terrorist groups and money laundering.
In a series of tweets, the ministry said its General Department for Financial Inquiries received 126 reports in 2014 on suspected cases of terrorism financing, with 37 cases now under investigation.
“Sixty one percent of the reports were received from financial institutions, and 31 percent from citizens and residents,” the ministry stated. Eighty-eight percent of reports on money laundering in 2014 came from financial institutions.
The ministry stated that the department had submitted 505 requests to check bank accounts suspected of being used for money laundering and financing terrorism.
The judiciary had reviewed 975 cases involving financing of terrorism groups, and eight linked to money laundering. A total of 143 requests for information were made to international organizations worldwide in relation to these crimes.
The department submitted six international requests about terrorism funding and 82 on money laundering, and received 245 international requests for information on money laundering.