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Dubai property portfolio calls into question effectiveness of sanctions on Kinahan cartel leader, experts say
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Dubai property portfolio calls into question effectiveness of sanctions on Kinahan cartel leader, experts say

In 2023, Caoimhe Robinson bought a 20,569-square-foot villa, still under construction, for about $2.1 million in an upscale section of Dubai, close to Zayed University. Even unfinished, the structure’s white walls, arched doorways and red roof call to mind an elegant Mediterranean retreat, one befitting an area that one real estate website describes as “a...

Opinion: How the UAE’s mafia-style tactics are hurting both Sudans
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Opinion: How the UAE’s mafia-style tactics are hurting both Sudans

Opinion: How the UAE’s mafia-style tactics are hurting both Sudans. The UAE has signed agreements with Sudan and South Sudan, strangling the two countries economically and politically, while openly supporting the Rapid Support Forces (RSF).  A report by the United Nations Panel of Experts on Darfur, under Security Council Resolution 1591, accused the UAE of supporting...

Why Iran and Russia can dodge Western sanctions
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Why Iran and Russia can dodge Western sanctions

Iran has been living with Western sanctions for almost 40 years, and never have so many sanctions been imposed so quickly as against Russia. Although their effect is limited, there is little alternative. Iran knows it, China knows it and apparently, so does the US government: despite existing sanctions against the oil industry of the Islamic Republic,...

South Africa Battles to Extradite Gupta Brothers from the UAE
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South Africa Battles to Extradite Gupta Brothers from the UAE

Advocate Shamila Batohi, the National Director of Public Prosecutions of the National Prosecuting Authority (NPA), disclosed ongoing struggles faced by the South African government in its attempts to extradite Atul and Rajesh Gupta. The Gupta brothers, who are wanted in South Africa on charges including fraud and money laundering linked to State Capture, are currently...

Cash couriers who smuggled £100million out of UK in suitcases sentenced
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Cash couriers who smuggled £100million out of UK in suitcases sentenced

Gang used WhatApp group called ‘Sunshine and lollipops’ to co-ordinate money laundering between the UK and Dubai. Six members of a money laundering network which smuggled more than £100million from the UK to the UAE using suitcases have been jailed. The network transported the cash to Dubai during 83 separate trips between November 2019 and October 2020, overseen by ringleader...

Air Travelers Help Fuel $2 Trillion Global Money Laundering System
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Air Travelers Help Fuel $2 Trillion Global Money Laundering System

Each year, money launders funnel $2 trillion in ill-gotten gains into the financial system. And a lot of that money travels by air, in cash, often in people’s suitcases, The Wall Street Journal (WSJ) reported Sunday (April 21). The report cited figures from the United Nations Office on Drugs and Crime and the Financial Action Task Force (FATF) showing that international...

European Parliament opposes EC removal of UAE, Gibraltar, Panama from ‘high risk’ list
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European Parliament opposes EC removal of UAE, Gibraltar, Panama from ‘high risk’ list

MEPs in the European Parliament have drafted a motion for a resolution rejecting the European Commission’s proposal to remove the United Arab Emirates, Gibraltar and Panama from the list of high-risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes. As previously reported, the European Commission published a proposed...

US restricts trade with companies tied to drones used by Russia, Houthis
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US restricts trade with companies tied to drones used by Russia, Houthis

The United States restricted trade with five companies on Wednesday that it said help produce and procure drones for use by Russia in Ukraine and by Iran-backed Houthis in Red Sea shipping attacks. The companies from Russia and China were among 11 additions to the Commerce Department’s Entity List, which means suppliers need licenses before...