“The majority of Iran's transshipment, smuggling, and shadow banking activity takes place in Dubai, so Washington must do what it can to help the UAE's national leaders in Abu Dhabi convince and cajole Dubai's leaders to play ball,”

Matthew Levitt · said 2026-08-24 · reported 2026-08-25

Matthew Levitt wrote in a note that the majority of Iran's illicit financial activity occurs in Dubai and urged Washington to help UAE leaders enforce compliance.