OFAC targets Iranian Financier Zanjani’s Network

OFAC imposed blocking sanctions on four individuals (two in Iran, one in Tajikistan, and one in Netherlands) and nine entities (six in Iran, two in UAE, and one in Turkey) under its Iran sanctions program for supporting Babak Zanjani's broader Iranian sanctions evasion network, which spans financial services, gold and precious gem production, digital asset trading, and transportation infrastructure used to obscure ownership and launder revenue through Iran and offshore. The action targets Zanjani's Iran-based "Dot One" conglomerate alongside supporting entities for his UK-registered digital asset exchanges Zedcex and Zedxion, including Istanbul-based Zedpay (and its chairperson, Mehdi Rezazadeh, an Iranian national), Dubai-based Zedx DMCC, and Dubai-based BZ Diamond DMCC; Zanjani's significant other, was designated for registering websites for his companies.