The Treasury Department announced sanctions on Friday against nine firms and four individuals linked to Iranian financier Babak Zanjani, targeting his "Dot One" business network for allegedly evading existing sanctions.
Crypto Exchanges Flagged as "Terror Assets" Two UK-registered exchanges, Zedcex and Zedxion, were named for allegedly processing over $94 million in funds tied to the Islamic Revolutionary Guard Corps (IRGC).
Dubai-based BZ Diamond FZCO, run by Zanjani's sister Bahareh Morteza Zanjani and his significant other, reportedly supported the exchanges through token and NFT promotion.
The targeted companies operate in Iran, Turkey, and the United Arab Emirates.
They include Dot One Value, where Zanjani is CEO, and Dot One Gold Company, a producer of gold bars.
