Dubai seems to be the primary area in which Al Qaeda and its allies within India launder their money through the hawala system. Dubai is thriving.
About this quote
- What does it mean?
- Sterling links Dubai's economic success to its role in laundering terror funds via hawala.
- In plain terms
- Dubai grows wealthy partly by hiding dirty money.
- What can you take from it?
- Prosperity can mask illicit financial flows.
Where it applies
Putting it to work
Questions to consider
- How does illegal money affect global stability?
- Can growth be ethical without oversight?
Another view
Attributing growth solely to laundering oversimplifies Dubai's economy.
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