Ivanka Trump's now-defunct luxury jewelry business has been linked to money laundering in Dubai.

The daughter and adviser of U.S. President Donald Trump launched the fine jewelry company about a decade ago with a real estate and diamond heir named Moshe Lax.

According to the Trump Organization, Ivanka cut ties with Lax at the end of 2016 and he still owes her money, GQ reported.

However, the first daughter's former company is still being dragged into a Dubai case, which also targets the well-known Emirati Al-Saris family.