UAE Freeze Assets Of Kinahan Crime Gang

Daniel Kinahan

The United Arab Emirates has frozen the assets of the Kinahan crime gang.

The Financial Times reports the state will investigate the group’s activities along with 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 US imposed sanctions on three companies linked to the Kinahan crime gang including two in the UAE, as well as sanctions on seven of its members.

There’s also a five million dollar reward for information leading to the arrest of the leaders, or disruption of its activities.

MTK Global, a boxing agency co-founded by Daniel Kinahan in 2012, said on Wednesday that it was ceasing operations at the end of the month as a result of the fallout from the sanctions.