The UAE has confirmed that seven Dubai-based companies sanctioned by the U.S. Department of the Treasury on January 7 for alleged ties to Sudan-related activities do not hold valid commercial licenses and have no operational presence in the country.
- Sanctioned Entities:
- Capital Tap Holding LLC
- Capital Tap Management Consultancy LLC
- Capital Tap General Trading LLC
- Creative Python LLC
- Emerald & Ruby Gold & Jewelry LLC
- Old Generation General Trading LLC
- Horizon Advanced Solutions General Trading LLC
UAE Response & Findings:
✔ No Valid Licenses: The Ministry of Justice confirmed none of the firms are legally registered in the UAE.
✔ No Active Business: Investigations found no evidence of commercial operations within the country.
✔ Ongoing Coordination: UAE authorities have requested additional details from U.S. officials to support further review.
The UAE reaffirmed its commitment to combatting illicit financial activity and maintaining strict regulatory oversight in line with international standards.
