🔺Saudi Arabia increased oversight of financial transfers to the UAE; the Iranian regime is at the center of the two countries’ disagreements

▪Reuters reported on Tuesday, 17 August (27 Mordad), that Saudi Arabia has placed financial transfers to the United Arab Emirates under enhanced controls that are usually applied to countries and jurisdictions considered higher-risk for money laundering, terrorist financing, and other financial crimes; a move that, according to informed sources, in the midst of rising tensions between Saudi Arabia and the UAE—some of it over how to deal with the Iranian regime—was carried out as part of that broader disagreement.