This, just in, from the State Department:

Press Statement
Philip T. Reeker, Deputy Spokesman
Washington, DC
December 3, 2002
Saudi Arabia: Cooperation on Terrorism Financing
The United States is pleased with the continued cooperation we have received
from the Government of Saudi Arabia in the Global War on Terrorism.
We welcome today s announcement by Saudi Arabia of enhanced mechanisms to
monitor and control financial flows from the Kingdom. We believe that such
improved oversight of financial transfers is essential to reduce and impede
financial support for terrorism originating in Saudi Arabia. We strongly
support comprehensive monitoring of charitable organizations based in the
Kingdom to ensure that well-intentioned donations are used for their intended
purpose, not to finance or abet terrorists. We believe that such monitoring,
especially of donations leaving the Kingdom, can prevent those who would assist
terrorists from using the charitable generosity of Saudi citizens as cover for
their activities.
The United States is encouraged by Saudi efforts and will continue to provide
technical cooperation to Saudi Arabia and other allies in the region as they
work to improve their capabilities in monitoring and countering the financing
of terror. We expect continued and comprehensive exchanges of expertise with
Saudi officials.
The United States also looks forward to convening the upcoming meeting of the
U.S.-Saudi Joint Working Group on Terrorism in early January in Washington. We
believe that this will further improve and formalize our cooperative efforts in
countering terrorism. Chaired for the United States by the Department of
State’s Coordinator for Counterterrorism, Ambassador Cofer Black, this Working
Group will serve as the primary mechanism for the coordination of joint
activities, the exchange of information, and setting mutual priorities in the
battle against terrorism.
[End]
Released on December 3, 2002