Zimbabwe on Tuesday said it will investigate allegations of gold smuggling and money laundering against some people linked to the country’s President Emmerson Mnangagwa, which were raised in a documentary produced by Qatar-based broadcaster Al Jazeera. The ‘Gold Mafia’, a four-part documentary that first aired early this month, alleges that syndicates with close links to government...
As the next host of COP28, scheduled for the end of 2023, the United Arab Emirates has become a mecca of international sanctions evasion, and both Russians and Syrians are taking advantage. From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not only is Dubai, which is considered a...
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....
Vulnerable Ukrainian women and children are likely being trafficked into sex slavery and domestic servitude in the United Arab Emirates, defence experts have warned. Millions of Ukrainians have fled the war-torn country since Russia began its brutal advance in February, leading to increased concerns about refugees being susceptible to trafficking. Some are reported to have been targeted...
Politicians and activists are calling for Dubai and the United Arab Emirates to be blacklisted over its failure to observe sanctions against Russian oligarchs and stem the flow of dirty money flowing through the UAE. Western countries including the US and UK hit Russia with stringent sanctions in February after Russia invaded Ukraine. This prompted some oligarchs to...
One is a sanctioned businessman. Another is a convict. Two more are celebrities with ties to political power. What unites these disparate individuals? They are all Belarusian politically exposed persons listed as owning real estate in Dubai, a kingdom in the United Arab Emirates that has become a playground for the global rich. In May,...
Call to Blacklist Dubai and UAE Over ‘Dirty Money’ and Oligarchs. Politicians and activists are calling for Dubai and the United Arab Emirates to be blacklisted over its failure to observe sanctions against Russian oligarchs and stem the flow of dirty money flowing through the UAE. Western countries including the US and UK hit Russia with...
On 4th March 2022, the United Arab Emirates (UAE) was added to the list of jurisdictions under increased monitoring (Grey List) by the Financial Action Task Force (FATF). Grey Listing is typically applied to countries with gaps in their anti-money laundering (AML)/countering the financing of terrorism (CFT) regimes, but where commitments have been made for...
Rich Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, financial and legal sources say. The sanctions are a result of the Russian invasion of Ukraine. Dubai, the Persian Gulf’s financial and business center, has long been a point of interest for the very rich. And...
Human trafficking, also referred to as modern-day slavery, is a general term that covers a wide range of illegal and unjust practices. But what’s the difference between something like human trafficking vs sex trafficking? Read on to learn the difference between types of human trafficking and the definition of key human trafficking terms. What is human trafficking? Human...