Iranian oil tycoon Hossein Shamkhani used a citizenship-by-investment program to enter the international banking system, leveraging relationships in the UAE and Washington to protect his position. This allows him to navigate the global financial landscape more easily.
The Caribbean island nation of Dominica has been issuing passports to foreigners since 1991 through its citizenship-by-investment (CBI) program. The practice has generated billions for the economy while offering a convenient alternative nationality to those whose origins may raise concerns in the financial community.
Source: https://www.bloomberg.com/news/articles/2024-12-30/iran-oil-how-to-get-inside-the-western-financial-system