ESGet Pro
DataCloud USA › OFAC sanctions

L.Y.P. Group Co., Ltd

On the SDN listEntityGLOMAG

L.Y.P. Group Co., Ltd (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: GLOMAG. Addresses on file in: Cambodia. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Cambodia has 129 entities, vessels or aircraft with an address on the SDN list, ranking #12 among all countries. Other sanctioned entities with an address in Koh Kong 9351 are listed below.

Sanctions program

Global Magnitsky (corruption and human rights) GLOMAG

Program based on the Global Magnitsky Act and Executive Order 13818 (2017). It sanctions perpetrators of serious human rights abuse and corruption anywhere in the world, and those who support them.

Also known as

  • L.Y.P. GROUP · aka

Addresses on file

  • Neang Kok, Bak Khlang, Mondol Seima, Koh Kong 9351, Cambodia
  • N. 205-209, Mao Tse Tong Boulevard, Sangkat, Toul Svay Prey I, Khan Chamkamo, Phnom Penh, Cambodia

OFAC remarks

Website www.lypgroup.com; Email Address fc@gardencityhotel.com.kh; Organization Established Date 28 Sep 2017; Organization Type: Short term accommodation activities; Tax ID No. L001-360000010 (Cambodia); Linked To: LY, Yong Phat.

Other sanctioned entities in Koh Kong 9351

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

Frequently asked questions

What does it mean that L.Y.P. Group Co., Ltd 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 L.Y.P. Group Co., Ltd?

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.