Published by Global Banking & Finance Review®
Posted on November 19, 2025
2 min readLast updated: January 20, 2026
France and UAE have frozen Dubai properties linked to drug trafficking. The move is part of enhanced international cooperation against drug crime.
PARIS (Reuters) -The United Arab Emirates has agreed to seize around 40 Dubai apartments and luxury villas suspected of being linked to drug trafficking in France, French Justice Minister Gerald Darmanin said on Wednesday.
Darmanin said in a post on X that the seizure of the properties, which had been bought by suspects using cash or cryptocurrencies, was part of broader judicial cooperation on international drug traffic between France and the UAE.
France had secured the extradition of 14 alleged major traffickers from the UAE so far this year, he said, adding that he had requested the arrest and extradition of around 15 more "highly dangerous" individuals.
"It is incomprehensible that drug traffickers who have built up their wealth through drugs should still be able to benefit from it today," he said.
France is cracking down on drug trafficking domestically and accelerating international cooperation on the matter, Interior Minister Laurent Nunez told reporters on Tuesday.
Nunez was visiting the southern port city of Marseille after a suspected mob killing last week, which he said was a "crime of intimidation" against those committed to fighting drug-related crime.
(Reporting by Alessandro Parodi, editing by Dominique Vidalon, Aidan Lewis)
Drug trafficking is the illegal trade of drugs and controlled substances. It involves the production, distribution, and sale of these substances, often leading to significant legal and social consequences.
Blockchain is a decentralized digital ledger technology that records transactions across many computers. It ensures that the recorded transactions cannot be altered retroactively, enhancing security and transparency.
A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It can be software-based or hardware-based and is essential for managing digital assets.
Financial crime refers to illegal acts that result in financial loss, such as fraud, money laundering, and embezzlement. It often involves complex schemes to conceal the illicit origin of funds.
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