Dubai Properties Allegedly Used by US-Sanctioned Terrorist for Financing, Money Laundering

By Giuliano De Leon

May 14, 2024 04:42 PM EDT

US-sanctioned terrorist groups are allegedly using Dubai properties. This was revealed in the new report of the Center for Advanced Defense Studies or C4ADS, a non-profit organization targeting illicit networks that threaten global security and peace. 

Dubai Properties Allegedly Used by US-Sanctioned Terrorist for Financing, Money Laundering
DUBAI, UNITED ARAB EMIRATES - FEBRUARY 06: A general view of Burj Khalifa on February 6, 2017 in Dubai, United Arab Emirates.
(Photo : Tom Dulat/Getty Images)

Dubai Properties Allegedly Used by US-Sanctioned Terrorists

According to Nikkei Asia's latest report, C4ADS's data is related to hundreds of thousands of properties in Dubai, which terrorist organizations allegedly use for financing and money laundering.

Dubai and other countries are removing organizations and individuals from their financial systems and freezing their assets to curb terrorist financing.

However, C4ADS discovered that Houthis, Hezbollah rebels, and other terrorists are using a loophole in these sanctions so they can have an opening for financing.

Read Also: Dubai Struggles to Bounce Back After United Arab Emirates Floods Delayed Airport Flight Schedules

What C4ADS Discovers

The data of C4ADS suggested that property data lists real estate developer Adham Tabaja could be helping Hezbollah terrorists to get funds, as reported by WION. Ali al-Banai, a financier based in Qatari, is also accused of funding the terrorist operations of Hezbollah.

The new report revealed that more than 200 individuals, including people whom the United States sanctions, allegedly purchased real estate properties in Dubai. Because of this revelation, the United Arab Emirates' Oslo Embassy received various concerns.

To answer these inquiries, the Oslo Embassy clarified that the country's commitment to safeguard the global financial system's integrity remains. It added that they are collaborating with international partners to combat illicit finance, such as those of terrorist organizations.

Related Article: US Designates Houthis as Terrorists, Launches Fresh Strikes in Yemen After Rebels Hit Another US-Operated Ship

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