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US Treasury official praises Saudi cooperation against terror funding

Assistant Treasury Secretary Daniel Glaser says there has been substantial progress reducing funds amassed by the Islamic State, but warns that IS could seek external financing if it loses its "caliphate" in Iraq and Syria.
Assistant Treasury Secretary for Terrorist Financing Daniel Glaser testifies before a Senate Foreign Relations Committee hearing on the situation in Ukraine on Capitol Hill in Washington on May 6, 2014.   AFP PHOTO/Nicholas KAMM        (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)

A senior US official in charge of combatting terrorist financing praised Saudi Arabia for its progress in blocking the flow of funds to groups such as al-Qaeda and said he wished other countries in the Persian Gulf would meet the same standard.

"We have a very willing and capable partner in Saudi Arabia," Daniel Glaser, the assistant secretary for terrorist financing in the Office of Terrorism and Financial Intelligence, told an audience at the Washington Institute for Near East Policy on Oct. 13. "Our goal is to see a similar evolution in Qatar and Kuwait," which he said had made some progress but not to the same extent as the Saudi government over the past decade.

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