The US and Saudi Arabia have taken joint action to target the operations of Al-Furqan Foundation Welfare Trust, an entity alleged to be involved in financing terrorist activities and seeking to circumvent US and UN sanctions regimes. Al-Furqan is said to be the successor to the Afghan Support Committee (ASC) and Revival of Islamic Heritage Society (RIHS), both designated in 2002, and is accused of funding terrorist organisations including al-Qaida, the Taliban, and Lashkar-e-Tayyiba since its establishment in the mid-2000s.
Saudi Arabia has designated Al-Furqan under its Law of Terrorism Crimes and Financing and Royal Decree A/44, and the US Treasury’s Office of Foreign Assets Control has listed the organisation as a Specially Designated Global Terrorist on its list of Specially Designated Nationals. Under the measures, Al-Furqan will have all of its assets under US or Saudi jurisdiction frozen, and US and Saudi persons will generally be prohibited from doing business with it.
The SDN list has been updated to add Al-Furqan and consolidate its listing with those of ASC and RIHS.