Stuart Levey, the Treasury's undersecretary for terrorism and financial intelligence says Saudi Arabia must do a better job at ferreting out major individual donors who continue to fund terrorism abroad, including in Iraq.The top U.S. Treasury official concedes that Saudi Arabia had made significant strides in counterterrorism efforts in recent years and that the kingdom was "doing an excellent job" fighting operatives of Osama bin Laden's al Qaeda network at home.
However, Stuart says concerns remain including the existence of so-called "deep-pocket donors" and the abuse of charities to fund militants.
According to Levey, "What needs to happen is they need to do financial investigations in a serious way in order to locate those deep-pocket donors that are still funding terrorism abroad. And that's something which is a concern that hasn't happened as robustly as it needs to happen."
