The arrest of dozens of Islamic Revolutionary Guard Corps (“IRGC”) linked money changers in the United Arab Emirates (“UAE”) is one of the most serious blows yet to Tehran’s sanctions-evasion network, laying bare how heavily the Islamic Republic has depended on Dubai as an economic lifeline, Iran International reports.
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On Wednesday, Negar Mojtahedi, a journalist for Iran International (English), posted the following on Twitter (now X).
The arrest of dozens of IRGC-linked money changers in the United Arab Emirates is one of the most serious blows yet to Tehran’s sanctions-evasion network, laying bare how heavily the Islamic Republic has depended on Dubai as an economic lifeline.
Sources familiar with the matter told Iran International that UAE authorities detained dozens of money changers tied to financial entities linked to Iran’s Revolutionary Guards, shut down associated companies and closed their offices.
According to Miad Maleki, a former senior US Treasury sanctions strategist and now a senior fellow at FDD, the UAE is not just one sanctions-evasion hub among many.
“The UAE is the single most critical jurisdiction in the Iranian regime’s sanctions-evasion architecture,” Maleki said.
Dubai’s exchange houses have long given the IRGC and the Quds Force access to the hard currency needed to finance proxy groups including Hezbollah, Hamas, the Houthis and militias in Iraq.
The detention of trusted IRGC-linked money changers threatens networks that took years to build.
“These trust-based sarraf (money changer) relationships, bank accounts and corporate structures are not quickly replaceable,” Maleki said.
Read the full article on Iran International HERE.
Featured image taken from ‘Dozens of IRGC-linked money changers arrested in UAE’, Shabtab News, 31 March 2026
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Categories: Breaking News, World News
“Iran International” is an London based Zionist propaganda outlet that pumps out fake news. Very similar to what expose news is… I wouldn’t be surprised if you had the same funding sources.