The UAE and the United States have taken action jointly to disrupt an extensive currency exchange network that has procured and transferred millions of dollars to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).
Academics at Birmingham University voted today to boycott its new campus in Dubai in protest at the jailing of…193 Views | the publication reaches you by | Dubai Today
State news agency WAM said the move reflects the UAE’s determination to disrupt all terror-related networks and the sponsors of terrorist activities and comes following close collaboration between the UAE and the United States.
The US and UAE accused Iran’s central bank of helping the group access US dollars held in foreign banks to sidestep Western sanctions.
“The Iranian regime and its central bank have abused access to entities in the UAE to acquire US dollars to fund the IRGC-QF’s malign activities, including to fund and arm its regional proxy groups, by concealing the purpose for which the US dollars were acquired,” US Treasury Secretary Steven Mnuchin said in a statement.
The IRGC is Iran’s most powerful security entity and has control over large stakes in Iran’s economy and a huge influence in its political system. The Quds Force is an elite unit in charge of the IRGC’s overseas operations.
The crackdown comes just days after President Donald Trump withdrew from the 2015 Iran nuclear deal.
Trump’s decision has given grace periods of 90 days to six months for companies to wind down their trade with Iran.
Do you have information you want to reach our readers?
The global freelancing market is set to grow $20bn by 2020. Where does the market stand here in…