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Psi Dmcc

On the SDN listEntityIRAN-EO13871

Psi Dmcc (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13871. Addresses on file in: United Arab Emirates. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

United Arab Emirates has 577 entities, vessels or aircraft with an address on the SDN list, ranking #4 among all countries. Other sanctioned entities with an address in Dubai are listed below.

Sanctions program

Iran: iron, steel, aluminum and copper (Executive Order 13871) IRAN-EO13871

May 2019 order targeting Iran's iron, steel, aluminum and copper sectors and those who trade with them.

Addresses on file

  • Unit No: AU-30-A, Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates

OFAC remarks

Additional Sanctions Information - Subject to Secondary Sanctions; Organization Established Date 18 Jun 2005; License DMCC-30214 (United Arab Emirates); Registration Number DMCC0432 (United Arab Emirates); Economic Register Number (CBLS) 11459277 (United Arab Emirates); Linked To: KHOUZESTAN STEEL COMPANY.

Other sanctioned entities in Dubai

Sharing a city does not imply any link between these entities.

Frequently asked questions

What does it mean that Psi Dmcc is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Psi Dmcc?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.