UAE court convicts US lawyer Asim Ghafoor over tax evasion, money laundering

Asim Ghafoor, a US citizen, transferred at least $4.9 million using the UAE banking system and was found guilty of tax evasion and money laundering by the UAE court. According to the UAE Embassy in Washington, the US and UAE have been exchanging information regarding the case for more than two years as part of "intensified cooperation to combat transnational money-laundering and illicit finance." Ghafoor opened multiple bank accounts "with the goal to conceal the origin of the funds from tax authorities" and to carry out overseas payments. According to the mission, one account was set up as early as 2013, while another was shut down in 2020 as a result of questionable activities. BKM/ Expat Media
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