JEDDAH: A report by the Financial Action Task Force (FATF) has praised Saudi measures against money laundering, terrorism funding and arms proliferation. The Kingdom has proven its understanding of the risks it faces by its measures to address them, the report said. Saudi Arabia has a strong legal framework to implement targeted financial sanctions imposed by the UN on terrorists without delay, the report added. It described preventive measures taken by financial and non-financial domestic sectors to combat money laundering and terrorism funding as robust.