Saudi Arabia Prime Source of Terror Funds, U.S. Says

Wednesday, April 2, 2008 9:01 AM

By: Newsmax Staff Article Font Size

Saudi Arabia remains the world’s leading source of funds for al-Qaida and other extremist groups, according to the Bush administration’s top financial counter-terrorism official.

Stuart Levey, a Treasury undersecretary, told the Senate Finance Committee on Tuesday that the Saudi government has not taken sufficient steps to stem the flow of money to terrorist organizations or to bar wealthy citizens from funding extremism through charitable contributions.

“Saudi Arabia today remains the location where more money is going to terrorism, to Sunni terror groups and to the Taliban than any other place in the world,