A global crime-fighting coalition – including the UAE – seized more than 55 tonnes of drugs valued at $750m and made 597 arrests in a two-month operation.
The International Security Alliance, which includes the UAE, Bahrain, Senegal, Morocco, Spain, Israel, Italy, Slovakia, Singapore, France and the Netherlands, joined forces with The Police Community of the Americas, Ameripol. The operation aimed to target gangs smuggling drugs across parts of Asia, Europe, Africa and the Middle East.
In total, 22 countries were involved in the major campaign to disrupt sophisticated drug networks between April and June.
Sheikh Saif Bin Zayed, Deputy Prime Minister and Minister of the Interior, hailed the efforts of global police forces to take drugs off the streets.
He thanked ISA and Ameripol for “their promotion of international efforts to combat this dangerous scourge at the global level, as partners in the safety of our societies,” in a message on Twitter on Monday.
The campaign targeted transnational drug trafficking networks and involved monitoring air, land and sea routes used by the gangs.
Footage shared by the alliance showed special forces teams from around the world carrying out key arrests and capturing large hauls of drugs.
The footage also showed drugs hidden in watermelons as part of elaborate efforts to evade detection and flood international markets with illicit substances.
It said the arrests were made in "different countries", without specifying the number involved.
The ISA was established in 2017 with the goal of bolstering global peace, security, and stability of its member states and other nations around the world.
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
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