One Raffles Place, #21-01, Singapore, 048616, Singapore
Reg. ID
202319137N, Registration Number
Official reason
Furthermore, included in the Sun Multinational group of companies are Fiza Gold and Bullion Trading L.L.C, which features Sood as its Manager; Golden Luxury Jewellery Trading L.L.C, which features Mishaal as its Managing Director; Memories Golden Jewellery L.L.C, which features Sood as its Manager; Ruhmeer Diamonds DMCC, which features Sood as a Manager; and Sun Star Travel & Tourism L.L.C. Although not part of the Sun Multinational group of companies, Sood also owns Singapore-based Sahara Petroleum PTE. LTD. and manages the United Arab Emirates-based Precious Bullion DMCC, where Mukesh is also an authorized signatory. Sahara Petroleum PTE. LTD. is being designated pursuant to E.O. 13818 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Sood.
On December 23, 2016, the President signed the Global Magnitsky Human Rights Accountability Act (Pub. L. 114-328, Title XII, Subtitle F) (the “Act”) into law. The Act authorized the President to impose targeted sanctions on any foreign person the President determines is, among other things, responsible for extrajudicial killings, torture, or other gross violations of internationally recognized human rights, or a government official, or a senior associate of such an official, responsible for, or complicit in, ordering, controlling, or otherwise directing, acts of significant corruption.
On December 20, 2017, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-1706) (IEEPA), issued Executive Order 13818 (82 FR 60839, December 26, 2017) (E.O. 13818), effective at 12:01 a.m. eastern standard time on December 21, 2017.
In E.O. 13818, the President determined that serious human rights abuse and corruption around the world constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States and declared a national emergency to deal with that threat.
OFAC is issuing the Global Magnitsky Sanctions Regulations, 31 CFR part 583 (the “Regulations”), to implement the Act and E.O. 13818, pursuant to authorities delegated to the Secretary of the Treasury in E.O. 13818. A copy of E.O. 13818 appears in appendix A to this part.
