UAE Emerges as Hub for US Bank Money Laundering Under Iran’s Scrutiny

According to the International Desk of Webangah News Agency, the UAE has transformed into a key center for money laundering by American banks, leveraging its non-transparent financial structures to facilitate the movement of suspicious capital. Major US banks, including Citibank and JPMorgan, are reportedly exploiting the UAE’s secretive financial framework to obscure the origins of large-scale transactions.

Citibank, one of the prominent US banks operating in the UAE, holds approximately 50 billion dirhams in assets within the country. Meanwhile, other institutions like JPMorgan have refrained from disclosing detailed financial statements, opting instead for vague public statements.

The UAE’s financial system, renowned for its speed and confidentiality, enables American banks to transfer questionable funds without traceability. This has solidified the UAE’s reputation as one of the least transparent financial hubs globally.

Wall Street relies on the UAE as a critical junction for global money flows, where any disruption could significantly impact the US economy. As a strategic partner of Washington, the UAE plays a pivotal role in America’s financial power structure.