Going Through the Back Door : Will UAE Sideline Renewed Iran Sanctions ?
▻https://insidearabia.com/uae-sideline-renewed-iran-sanctions
Les Emirats et leur petite cuisine avec l’Iran : pas de raison deu cela cesse, y compris avec les sanctions US.
In June 2018, the Center for Advanced Defense Studies in a report entitled, “Tracing Sanctions Evasion Through Dubai’s Luxury Real Estate Market,” revealed that Dubai is used by seven individuals sanctioned by the US and the EU as well as their respective networks who bought 81 luxury properties in the UAE as part of an extensive “money laundering scheme” worth millions.
The report stated:
“Dubai, the largest city in the United Arab Emirates (UAE), has become a favorable destination for these funds due in part to its high-end luxury real estate market and lax regulatory environment prizing secrecy and anonymity. While the UAE has taken steps to address this issue, its response thus far has failed to fully confront the underlying drivers enabling the manipulation of its real estate market. The permissive nature of this environment has global security implications far beyond the UAE. In an interconnected global economy with low barriers impeding the movement of funds, a single point of weakness in the regulatory system can empower a range of illicit actors. Our research shows that lax regulatory and enforcement environments –in Dubai, but also in other financial centers – have attracted criminal capital from around the world and offered a pathway into the international financial system for illicit actors and funds.”