Last Updated: January 19, 2026
PALOMA PRECIOUS DMCC
Nationality
United Arab Emirates; United Arab Emirates; United Arab Emirates
Address
1 Lake Plaza, Jumeirah Lakes Towers, Dubai, United Arab Emirates; Au-01-I02, Gold Tower, Jumeirah Lakes Towers, Dubai, 65005, United Arab Emirates
Reg. ID
125266, Registration Number; 480508, License; 213800R31DVGUYXLTE77, Legal Entity Number
Official reason
UAE-based, UK-sanctioned Paloma Precious DMCC (Paloma Precious) is a precious metals trading firm that has helped move Russian gold abroad. Paloma Precious and U.S.-designated Taube Precious HK Limited played a key role in numerous illicit Russian gold trading and laundering schemes, including with U.S.-designated Andrey Dmitriyevich Sudakov (Sudak...
Other Information
https://home.treasury.gov/news/press-releases/jy2546
Date of listing
2024-08-23
Program information
Authority
US
Program
Executive Order 14024 of April 15, 2021 Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation
Regime
OFAC country specific
Target State
Russia
Measures
Blocking Property, Suspending Entry, Trade sanctions
Sanctions Portfolio
• https://ofac.treasury.gov/faqs/1127 • https://ofac.treasury.gov/faqs/1029
Official Information
In response to the Russian Federation’s continued use of its military-industrial base to support its aggression against Ukraine, the President has issued an Executive Order (E.O.) amending E.O. 14024 that provides the Office of Foreign Assets Control (OFAC) with new authorities to target foreign financial institutions for engaging in certain transa...
Additional Details
SDN / NS-MBS / CAPTA
Program URL
1.https://www.federalregister.gov/documents/2021/04/19/2021-08098/blocking-property-with-respect-to-specified-harmful-foreign-activities-of-the-government-of-the 2.https://ofac.treasury.gov/media/932436/download?inline