Gao, Mali: Photography by C4ADS

Conflict Finance and Irregular Threats Cell

 

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The Sentry: Conflict Financing
Environmental Crimes Fusion Cell

Conflict Finance and Irregular Threats Cell

The theft and capture of state resources and public funds by political, military, and business elites is a principal driver of state instability, particularly in fragile states where corruption and violence are intertwined. Networks of well-connected elites exploit weak legal regimes, vulnerable state institutions, and poor enforcement capacity to capture revenue-rich economic sectors for personal gain. These proceeds are concealed in opaque corporate holdings and laundered through offshore jurisdictions in the form of property, corporate shares, and networks of profit-earning enterprises.

C4ADS’ Conflict Finance and Irregular Threats Cell works to unravel and expose networks of corrupt elites while generating insights that accelerate enforcement action by government entities, banking and financial institutions, and international enforcement agencies. We rely on high-advantage open data to support enforcement actions, enhance transparency, and expand public awareness on the networks that enable violent kleptocracies across East and Central Africa, as well as the Horn and the greater Middle East and North Africa.


SANDCASTLES

June 12, 2018

In this report, we examine seven individuals and organizations, their associated corporate networks, and their real estate holdings. We identify 44 properties worth approximately $28.2 million directly associated with sanctioned individuals, as well as 37 properties worth approximately $78.8 million within their expanded networks. Each of these people has been sanctioned by the United States (US), and many have also been designated by the European Union (EU) and EU members states. These networks are, therefore, deserving of particularly intense regulatory scrutiny. However, our research reveals that they have invested million of dollars in luxury UAE real estate while continuing to engage in illicit activity with the last few years.


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