#UAE freezes assets of Kinahan drug trafficking gang | Financial Times

UAE freezes assets of Kinahan drug trafficking gang | Financial Times

The United Arab Emirates has frozen the assets of the Kinahan drug trafficking gang, adding to international pressure on an organisation that has deep ties with boxers and promoters at the highest levels of the sport. 

The Gulf state said it was continuing to investigate the Irish organised crime group in parallel with authorities in the US, UK, Ireland and Spain. 

“The relevant authorities co-operate closely on cases involving foreign elements, in line with the UAE’s international commitments and national legal framework for combating illicit activity,” the government said. The asset freeze includes all personal and corporate bank accounts, one person briefed on the matter in the UAE said. 

The announcement of the asset freeze on one of Europe’s most notorious crime syndicates comes after the US Treasury last week imposed sanctions on the Kinahan group and seven of its members including its Irish leaders, Christopher Kinahan and his two sons, Daniel and Christopher Jr, who are based in Dubai.