
The United Arab Emirates laundered 591 tonnes of illicit gold worth $74 billion in 2024, according to a study published by the Swiss development cooperation organization SWISSAID.
The document identifies the UAE as one of the nerve centers for the illegal trade in the precious metal, a dynamic that persists despite regulations aimed at curbing money laundering, said Marc Ummel, co-author of the research.
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According to the study, gold smuggled from African nations accounted for about 453 tonnes of the total recorded in 2024, with an estimated value of $56.7 billion. The metal entered through smuggling from Africa and countries devastated by armed conflict, the study said.
The UAE remains by far the main destination for gold linked to armed conflicts in Africa, according to Swissaid.
It also continues to be a major destination for gold exports from countries subject to international sanctionshttps://t.co/FKDnbNDTnA
— Middle East Eye (@MiddleEastEye) November 14, 2026
The publication also denounced that the UAE remains an important destination for gold exports from countries subject to international sanctions.
More than 40 tonnes of gold laundered through the UAE originated in Sudan, according to SWISSAID, which says a network of Emirati-based companies facilitates the transfer to Dubai of minerals extracted in Darfur, a region controlled by the RSF paramilitary group backed by the UAE.
The Emirati government has used illegal mining to sustain the RSF, which has its own gold trading company and has accumulated considerable wealth through illicit trafficking to the Emirati market.
Sudan’s armed conflict began in April 2023 over disputes between the RSF and the Sudanese Armed Forces (SAF), triggering a severe humanitarian crisis across the territory.
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