The UAE is a neutral trading hub, but LCORE operates a rigorous FATF-compliant compliance framework — ensuring commodity settlement serves legitimate trade, not sanctions evasion.
Request Consultation About LCORELCORE does not facilitate transactions that violate UAE law, UN Security Council resolutions, or ADGM FSRA requirements. Our compliance framework is strict. Our starting position is refusal unless a transaction can be clearly structured within applicable law.
Transact with entities on UN Security Council sanctions lists. Transact with entities on the UAE national sanctions list (CBUAE). Engage with counterparties where our compliance team identifies unacceptable risk. Accept gold with unverified origin or broken chain of custody.
UAE has not joined the EU, UK, or US sanctions regimes. UAE maintains its own CBUAE sanctions list targeting terrorism and WMD proliferation. UAE is FATF-compliant since February 2024. ADGM operates under English Common Law.
LCORE transactions do not pass through the US financial system. No USD correspondent bank routing. No SWIFT USD transfers. This limits -- but does not eliminate -- primary OFAC exposure. Each transaction reviewed individually.
| Sanctions Type | Who It Targets | LCORE Position |
|---|---|---|
| UN Security Council | All UN member states | LCORE complies fully |
| UAE CBUAE Sanctions | UAE entities and persons | LCORE complies fully |
| OFAC Primary (US) | US persons and entities | LCORE has no US persons; no USD clearing |
| OFAC Secondary | Non-US entities transacting with SDNs | Case-by-case review; counterparty must advise own counsel |
| EU/UK Sanctions | EU/UK persons and entities | LCORE is not an EU/UK entity; counterparties advise own counsel |
Confidential initial review. LCORE compliance team. No commitment before review. Institutional only.