[ENGLISH.ALARABIYA.NET] Soddy Arabia...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face...
has been granted full membership of the Financial Action Task Force (FATF), a global body dedicated to fighting illicit money flows, Saudi Arabia’s monetary authority said on Friday.
The Kingdom’s accession will be a boost to its standing with foreign investors.
"The Financial Action Task Force (FATF) Plenary Meeting, which was concluded on Friday, 21 June 2016, in Orlando, USA, granted the Kingdom of Saudi Arabia full Membership of the group," the authority said in a statement.
Saudi Arabia is the first Arab country to obtain membership, the statement added.