The first-ever global meeting of the Financial Action Task Force (FATF) network of some 200 jurisdictions over the weekend in Paris, “to discuss actions…to combat the financing of the Islamic State of Iraq and the Levant (ISIL) …and to combat the financing of terrorism,” will probably make the participants feel good, but little to cut-off state sponsorship to feed the fast growing radical Islamist movement.
The development of new technologies and encryption of online communications and financial transactions and other non traditional methods to transfer money present serious obstacles to monitor funding of large number of terrorists and their supporters. But the most important obstacle is the West’s decades long willful blindness to name and shame Saudi Arabia as the biggest terror financier, as well as allowing the development and spread of opaque Sharia finance institutions and Islamic charities.
Thus, Germany’s Vice Chancellor Sigmar Gabriel recent condemnation of Saudi Arabia’s ongoing funding the spread of radical Islam in the West was surprising. “Wahhabi mosques all over the world are financed by Saudi Arabia. Many Islamists who are a threat to public safety come from these communities, he told Bild am Sonntag, the largest-selling German Sunday paper. Even more unexpected was his statement: “We have to make clear to the Saudis that the time of looking away is over.”
The Saudi role in foresting Islamic terrorism was no secret. Before it came under some criticism after the al Qaeda’s 9/11 attacked the World Trade Center and the Pentagon, the Saudi Kingdom used to openly brag about the large donations to build, maintain and supply mosques, Islamic centers, madrassas, stocking them with Wahhabi Imams and ulemas (religious teachers), covering expenses such as salaries, pensions, and “terrorcare” that included hospitals and other public services.