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Titan Exchange

On the SDN listEntityIRAN-EO13902

Titan Exchange (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13902. 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: economic sectors (Executive Order 13902) IRAN-EO13902

January 2020 order that allows sanctions on those operating in key sectors of Iran's economy, such as construction, mining, manufacturing and textiles, later extended to petroleum and petrochemicals. It is widely used against networks trading Iranian oil.

Also known as

  • TITAN LAND PETROCHEMICALS TRADING L.L.C · aka
  • TITAN ENERGY PETROLEUM PRODUCTS TRADING CO. L.L.C · aka

Addresses on file

  • Dubai, United Arab Emirates

OFAC remarks

License 1288764 (United Arab Emirates); alt. License 820100 (United Arab Emirates); alt. License BC2364 (United Arab Emirates); alt. License DA7564 (United Arab Emirates); Linked To: BANK-E SHAHR.

Other sanctioned entities in Dubai

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

Frequently asked questions

What does it mean that Titan Exchange 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 Titan Exchange?

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.