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The United States and Persian Gulf countries have agreed to collaborate to stem the flow of terrorist financing as part of a new working group, the Treasury Department said on Sunday, with the U.S. and Saudi Arabia jointly chairing the initiative.
In a memorandum of understanding that announcing the newly created Terrorist Financing Targeting Center (TFTC), the Treasury described the group as a “collaborative approach to confronting new and evolving threats arising from terrorist financing.” The news comes as President Donald Trump delivers a major address to Muslims in Saudi Arabia as part of his first trip abroad .