Because the Gulf battle wreaks havoc throughout the area, the US – this time through the Division of Justice – is continuous to focus on Iran-affiliated buying and selling companies within the UAE.
On 6 March, the DoJ launched a $15mn civil forfeiture criticism in opposition to Dubai-based buying and selling agency Wellbred Capital Pte, Ltd and its subsidiary Wellbred Buying and selling DMCC, alleging ties to Mohammad Shamkhani, son of the lately assassinated Iranian army determine Ali Shamkhani. The youthful Mr Shamkhani, often called ‘Hector’ in Dubai buying and selling circles, oversaw a slew of huge buying and selling companies in Dubai reminiscent of Nestwise and Max Vitality till western sanctions ultimately caught up with him in 2025 (MEES, 15 August 2025). (CONTINUED – 338 WORDS)
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