Riyadh, October 30, 2019, SPA -- The Presidency of State Security and its partners at the Terrorist Financing Targeting Center (TFTC) jointly issued a statement designating a network of corporations, banks, and individuals supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) (IRGC) and Hizballah terrorist activities as follows: "Today, the seven member states of the Terrorist Financing Targeting Center (TFTC) jointly designated [25] targets affiliated with the Iranian regime’s terror-support networks in the region. This is the TFTC’s largest joint designation to date, and is focused on entities supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) and Iran’s regional proxy, the terrorsit Hizballah. Several of the businesses targeted in this action are providing financial support to the Basij Resistance Force (Basij), a paramilitary force subordinate to the IRGC that have long been used recruiting, training and deploying fighters to fight in IRGC-fueled conflicts and perpetrate terrorist acts across the region. The TFTC’s coordinated disruption of the financial networks used by the Iranian regime to fund terrorism is a unified position of the Gulf countries and the United States of America that Iran will not be allowed to escalate its malign terrorist activities in the region. Today action is multilateral action by TFTC partners to expose and condemn the Iranian regime’s gross and repeated violations of international norms, including the attack that threatens the global economy by targeting the oil facility in Saudi Arabia fomenting strife and perpetrate subversive activities in neighboring countries through regional proxies such as the terrorist Hizballah. This coordinated action is a concrete step towards denying the Iranian regime the ability to undermine the stability of the region. The TFTC was announced as an effective effort to expand and strengthen the cooperation amongst seven countries — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates and the United States — to counter the financing of terrorism. The TFTC coordinates TF disruptive actions, shares information, and builds member state capacity to target activities posing national security threats to TFTC members. --More 17:41 LOCAL TIME 14:41 GMT 0030 www.spa.gov.sa/w1201074