The UAE tries to crack down on dirty money
Luxury homes and a thriving gold trade have been a magnet for corruption
DIRTY MONEY has long been an open secret in the United Arab Emirates (UAE). Oligarchs and foreign officials would fly in with stacks of cash, buy houses under their own names and showcase their lives of luxury on social media. Guests at a hotel in downtown Dubai last year might have shared a lift with a Turkish mob boss who had moved in for a while. With its beach-front villas, luxury hotels and fine dining, the UAE’s glitzy business hub is a magnet for money, licit and otherwise.
This article appeared in the Middle East & Africa section of the print edition under the headline “Cleaning up the laundromat”
Middle East & Africa February 26th 2022
- The enemies of South African democracy have the judiciary in their sights
- West Africa’s coastal states are bracing for a jihadist storm
- Names in southern Africa are both creative and revealing
- The UAE tries to crack down on dirty money
- Are Cairo’s menacing minibuses on their way out?
- The market for falcons is soaring as wild populations decline
From the February 26th 2022 edition
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