The United States has sanctioned four individuals and nine companies associated with Babak Zanjani’s network

🔸The U.S. Treasury Department announced the imposition of sanctions against four individuals and nine companies linked to Babak Zanjani, stating that these individuals and companies make up important parts of a network that operates to evade Iran sanctions and conduct the covert transfer of money inside and outside the country.

🔸According to a statement from the U.S. Treasury Department published on Friday, the second of Mordad, the following companies, subsidiaries of the “Dat-One” group of Babak Zanjani, in Iran, as well as several companies operating in Turkey and the United Arab Emirates, have been placed on the sanctions list.

🔸The U.S. State Department also said in a separate statement that this action was taken in continuation of pressure on the Iranian government following attacks on commercial vessels in the Strait of Hormuz and in the countries of the region.

🔸The Treasury Department says Babak Zanjani has used a range of activities in the fields of financial services, the production of gold and jewelry, transactions involving digital assets, and large transportation and infrastructure projects to conceal the ownership of assets, launder money, and increase the ability to covertly transfer funds.

🔸The ministry previously, on the 10th of Bahman 1404, sanctioned Babak Zanjani and two digital asset exchanges named “ZDSex” and “ZD‌Xion,” which are registered in the United Kingdom under his name.

🔸According to the U.S. Treasury Department’s announcement, some addresses related to these two exchanges moved funds belonging to wallets attributed to the Islamic Revolutionary Guard Corps (IRGC), and this network has been used to some extent for money laundering by the IRGC.

🔸Read the full report on the Radio Farda website.