OFAC expands sanctions against Iranian financier Babak Zanjani’s network, designating 4 individuals and 9 entities involved in sanctions evasion, ML and digital asset operations used to support IRGC

The Treasury designated four individuals and nine entities linked to Zanjani’s broader network, including businesses involved in fintech, digital wallets, diamonds, gold-backed tokens, transport and infrastructure. Treasury said the network used offshore companies and public-facing commercial ventures to obscure ownership, settle cross-border payments and support exchanges whose wallets had processed….