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Governance & Integrity Anti-Corruption Evidence
Governance & Integrity Anti-Corruption Evidence
Governance & Integrity Anti-Corruption Evidence
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  • About
  • Our work
    • Research themes
      • Global finance and the enablers of corruption
        • Corruption in Paradise: An ecology of money laundering through real estate in the touristic Global South
        • Identifying Enabler Networks and Their Vulnerabilities
        • Anti-Money Laundering & Banking/Reputation
        • Gatekeepers, Enablers or Technicians: The Contested Interpretation of Lawyers as Facilitators of Kleptocracy and Grand Corruption
        • Does transparency bring cleanliness? Offshore financial secrecy reform and corruption control
        • Beneficial Ownership – Nigeria
      • Crisis responses and corruption in vunerable sectors
        • Addressing Corruption in the Crisis Response of the Malawian Health System
        • ‘Windows’ of Corruption in Uganda
        • Political Connections in Public Procurement During Crises
      • Corruption risks in global trade and commerce
        • Illicit Cross-Border Trade and Money Laundering from the Congo
        • Trading in Voluntary Carbon Markets
        • International Deal-Making
        • Regulating Cross-Border Trading – East Africa
      • State capture
        • Building Resilience to State Capture
        • Engaging the Public to Fight State Capture
        • Illicit Financial Flows as Enablers and Drivers of State Capture
      • Sectors and Institutions
        • Effective Law Enforcement – Nigeria & Malawi
        • Social Norms & Behaviors & Health – Tanzania
        • Preventing Medical Theft – Malawi
        • Curbing corruption in procurement
      • Integrity systems
        • Cities of Integrity: Zambia and South Africa
        • Advancing Integrity – Uganda
        • Harnessing Informality – East & Central Africa & Kyrgyzstan
        • Leveraging Social Audits – India
        • Integrity & Civil Servants – Nepal & Bangladesh
    • Fellowship
    • Rethinking Anti-Corruption
    • From Research to Practice
  • Resources
    • Publications
    • Blogs
    • Newsletter
    • Multimedia
    • Digital Library
  • News & events
    • GI ACE in the news
    • Seminars/events
  • Contact

The United Arab Emirates Profile Themselves as a New Global Hub for Money Laundering, with Implications for the Balkans

Policy Brief describing the changing nature of relations between the United Arab Emirates (UAE) and several countries of the Western Balkans. Starting from 2010, when the UAE’s first embassy in the region opened in Podgorica (Montenegro), good relations have been propelled by a boom of investments and “sweet loans” from the UAE into southeast Europe. Starting with Montenegro and then quickly moving into Serbia and, to a somewhat lesser extent, to Bosnia and Herzegovina and other countries of the region, the Emiratis have mainly invested in four strategic sectors in which they claim to have a strategic advantage or a special interest: construction projects (especially in high-end tourism), agriculture (to guarantee food security), airlines (as part of their “super-connector” strategy) and defence (including the purchase of weapons).

 

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GI ACE is funded by the UK’s Foreign, Commonwealth & Development Office (FCDO) and UK International Development. The views expressed here do not necessarily reflect the UK Government’s official policies.

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If you've used any of GI ACE's research to inform policy and/or practice, let us know by sending an email at gi-ace@sussex.ac.uk. © 2025 GI ACE. All rights reserved. Hosted by the Centre for the Study of Corruption at the University of Sussex