This is the last time I’m going to comment on the Reuters story about the alleged $3 billion, $12 billion, or $20 billion supposedly transferred, made available, made accessible, or otherwise handed over by the UAE to the Iranian regime, a claim that the UAE government has categorically denied.
Let me state something clearly.
I’ve spent more than two decades working in intelligence, counter terror finance, and financial investigations. I’ve worked on terrorism financing cases, advised on complex IRGC finance matters, and been called as an expert witness in terrorism finance cases involving governments, major banks, and cross-border financial transactions.
And one thing I learned very early is this:
When a story revolves entirely around a financial transaction, you do not simply assert that Country X paid Country Y billions of dollars and then expect everyone else to prove that it didn’t happen.
That’s not how evidence works.
You cannot demand that people prove a negative. If nothing happened, how exactly are they supposed to prove that nothing happened?
The burden of proof lies with the person making the claim.
In finance, especially at this scale, evidence matters. Paper trails matter. Documentation matters. Banking records matter. Regulatory approvals matter. Transaction records matter. Leaked documents matter.
You don’t just point to anonymous sources and declare that billions of dollars moved across borders.
A transfer of $3 billion, $12 billion, or $20 billion does not simply disappear into thin air.
Whether it moves as cash, gold, dollars, yuan, rupees, dirhams, or even cryptocurrency, there will be evidence. There will be records. There will be traces. There will be counterparties. There will be compliance procedures. There will be reporting obligations. There will be people involved.
That’s the nature of modern finance.
So my simple question is this:
Apart from anonymous sources, where is the paper trail?
Show us one document.
One transfer instruction.
One banking record.
One payment confirmation.
One regulatory waiver.
One piece of evidence that can actually be examined, scrutinized, and verified.
Because that’s how financial investigations work.
Until then, we’re being asked to accept an extraordinary claim with no publicly available evidence whatsoever.
And on a lighter note, two nights ago I observed a suspicious formation of flying magic carpets crossing the skies above Dubai and heading east over the Gulf toward Iran. They appeared to be carrying large wooden chests overflowing with gold coins.
Based on the evidentiary standard apparently being applied here, I assume Reuters will be reporting that transaction shortly.