U.S. Treasury Removes Sakan General Trading From Sanctions List

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals and Blocked Persons List (SDN List).

OFAC made this change on June 20, 2025. The update involves the removal of one entity from the SDN List. The entity is Sakan General Trading.

Sakan General Trading was also known as Royal Credit General Trading, and Sakan General Trading, LLC. The company’s listed address is 14th Floor, Office 1401, Al Owais Business Tower, 53, 24th Street, Al Sabkha-115, Deira, Dubai, United Arab Emirates.

Sakan General Trading was previously on the SDN List under Executive Order 13224, as amended by Executive Order 13886. The company was linked to ANSAR EXCHANGE.

Because of this removal, all property and interests in property of Sakan General Trading are no longer blocked. U.S. persons are no longer generally prohibited from transactions with this company.

OFAC publishes these updates on its website at https://ofac.treasury.gov. More information about OFAC sanctions programs and the SDN List is available online.

This action was announced by Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. The notice appears in the Federal Register, Volume 90, Number 122, on June 27, 2025, pages 27754-27756.

For questions, contact the OFAC offices at 202-622-2420, 202-622-2480, or 202-622-2490. More contact options are also online.

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