20 Hrs
Source:
AL24 News
UAE: A Hub for Organized Crime
Investigations reveal that Dubai has become a safe haven for drug traffickers' kingpins, playing a crucial role in operating a secret financial network that funds drug operations and launders their profits. Security operations, including the arrest of 21 individuals and the seizure of assets worth over 20 million euros, have shown that the financial system linked to the large cocaine shipment intercepted in 2021 involves the use of cryptocurrencies and real estate assets, enabling traffickers to carry out their activities without detection by authorities. The investigations also indicate that Dubai provides a secure environment for criminals to invest and transfer assets, while pointing to weak UAE cooperation in international drug trafficking investigations.
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