As the U.S. opioid crisis spirals further out of control, and threatens to engulf Europe, the U.S. government has been scrambling in recent weeks for solutions. Some are sensible, if misguided, such as the Biden administration’s “fentanyl strike force” within the Treasury Department to aggressively scrutinize the finances of suspected narcotics dealers. Others, such as...
The United Arab Emirates (UAE) has funded politically-motivated assassinations in Yemen, a BBC investigation has found, exacerbating a conflict involving the Yemeni government and warring factions which has recently returned to the international spotlight following attacks on ships in the Red Sea. Counter-terrorism training provided by American mercenaries to Emirati officers in Yemen has been...
Bertrand Monnet is a professor, but his field work and research is a little… unusual. Bertrand Monnet is a professor of economic crime at EDHEC Business School in Lille, France. But he’s not like the professors you had at university, quietly sinking five pints of ale in the local each night before plodding off home to watch Blackadder repeats....
The U.S. on Thursday hit a United Arab Emirates shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap. This is Treasury’s first oil price cap enforcement action of 2024 — imposed on Hennesea Holdings Limited and its 18 vessels that the U.S. Treasury now considers blocked property. U.S. firms...
Two men from London have become the fifteenth and sixteenth members of a £100m+ money laundering network to be convicted, following a major National Crime Agency investigation into cash smuggling from the UK to the UAE. Guilty verdicts were returned yesterday (11 January) on Ali Al-Nawab, 40, from Golders Green, London, and Mehdi Amrollahbibiyouki, 41,...
The UAE Must Stop Sponsoring the RSF Militia in Sudan. The UAE’s support for the RSF militia is a violation of foreign territorial sovereignty, prohibited under international law. In April 2023, war broke out in Sudan between the Sudanese National Army and the Rapid Support Forces (RSF), killing thousands and displacing millions. As the fighting...
British wives boasting of luxury new lives funded by millionaire husbands in Dubai have been warned they risk being dumped homeless on the streets at any moment. Experts have revealed a surge in complaints from not only women but also men betrayed and dumped by wealthy partners after upping sticks for the Middle East. The alert comes amid a TikTok and Instagram trend...
By ALISHA HOULIHAN for AML Intelligence GREYLISTED UAE has made a “substantial donation” to the funding of the body representing the world’s police Financial Intelligence Units (FIUs). The Egmont Group of FIUs represents most of the main FIUs and held its most recent annual conference at a glittering venue in Abu Dhabi. Today (Wed) the...
A key US lawmaker is urging the Commerce Department to consider trade restrictions on Abu Dhabi artificial intelligence firm Group 42 Holdings over its ties to China. House China Select Committee Chairman Mike Gallagher, a Republican from Wisconsin, raised concerns about G42’s relationships with blacklisted Chinese companies including Huawei Technologies Co. and Beijing Genomics Institute, as well as risks to research...
WHILE much of the world remains fixated on the torrent of horrific news from Israel and the Palestinian territories, the appalling war in Sudan is getting next to no media attention. Even in the months before the Hamas terrorist attack of October 7 and the subsequent continual bombardment of the Gaza Strip by the Israel...