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Fiza Gold And Bullion Trading L.L.C

On the SDN listEntityGLOMAG

Fiza Gold And Bullion Trading L.L.C (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: 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

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

  • FIZA GOLD AND DIAMOND JEWELLERY L.L.C · aka

Addresses on file

  • Dubai, United Arab Emirates

OFAC remarks

Organization Established Date 14 Oct 2018; Registration Number 816507 (United Arab Emirates); Linked To: PATTNI, Kamlesh Mansukhlal Damji.

Other sanctioned entities in Dubai

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

Frequently asked questions

What does it mean that Fiza Gold And Bullion Trading L.L.C 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 Fiza Gold And Bullion Trading L.L.C?

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.