Werzit
Intel - Regions Middle East - United Arab Emirates
"In God we trust. All others we monitor."
Since the point of origin or terminus of many of these transactions is the United States and many in Dubai use US dollars as an international reserve currency, large transfers to or from the United States can be made by simply moving money from one side of a ledger to another. Second, Dubai is an absolute free zone with respect to currencies. Arbitrage, we are told, is done in Dubai in more currencies than in Switzerland. Europe, another important point of origin or terminus of these transactions, is now as accessible as the US via the Euro. Third, the flow of oil from Dubai is large enough to cover a “wet” transaction of any size and the returning revenue can be used to conceal large transfers. Finally, there is virtually no bank regulation so if actual, visible transactions have to take place, the banks in Dubai will not cooperate with foreign investigators.
Men of UAE in headscarf
Women of UAE in headscarf
