The Emirati Justice Ministry on Friday said that the seven companies based in the United Arab Emirates and sanctioned by the US over Sudan do not own valid business licenses or operate locally.
The US has designated seven entities based in the Emirates under its Sudan sanctions program.
These entities include Capital Tap Holding LLC, Capital Tap Management Consultancies LLC, Capital Tap General Trading LLC, Creative Python LLC, Al Zumoroud and Al Yaqoot Gold & Jewellers LLC, Al Jil Al Qadem General Trading LLC, and Horizon Advanced Solutions General Trading LLC.
“Upon notice of the sanctions designations, the UAE initiated its own investigation into the entities and related individuals, seeking additional information from US authorities to support these investigations,” the Ministry said in a statement
It also confirmed that none of the seven entities hold an active business license in the UAE, nor are they currently operating in the UAE.
Relevant UAE authorities continue to monitor any potential suspicious activity in accordance with applicable UAE laws, the Ministry added.
