The United Arab Emirates was found accomplice in the attacks on 11 September 2001 against the United States carried out by the Islamic terror arm , al-Qaeda . The attack that killed 2,996 people and wounded 6,000 others was financed using the banking systems of and situated in the UAE . Executing the attack cost the terrorist group around $ 400,000 – 500,000 , out of which $ 300,000 was transacted via one of the hijackers ’ bank accounts in the US . The movement of funds took place with the help of both public banking systems and the Hawala networks
attacks on 11 September 2001
September 11 attacks
Terrorism financing