The United States is holding Babak Zanjani and his sprawling network accountable for enabling the Iranian regime to evade sanctions and finance its destabilizing activities, including supporting the Islamic Revolutionary Guard Corps. This action increases the pressure on the Iranian regime following its attacks on commercial vessels transiting the Strait of Hormuz and regional neighbors.
The Treasury Department’s Office of Foreign Assets Control (OFAC) designated four individuals and nine entities that form key components of Babak Zanjani Iranian sanctions evasion network. Zanjani has leveraged a diverse portfolio, including financial services, gold and precious gem production, digital asset trading, and major transportation and infrastructure projects, to obscure ownership, launder revenue, and expand his capacity to move funds covertly through Iran and offshore.
These actions target Zanjani’s Iran-based operations and a series of companies outside Iran that have supported his flagship OFAC-designated digital asset exchanges, as well as their respective managers and executives.
Alongside high‑profile infrastructure and transportation ventures, Zanjani built a network of digital asset companies, including Zedcex and Zedxion, used in part to launder money for the Islamic Revolutionary Guard Corps. Zanjani’s enterprises have served as both public‑facing commercial ventures and covert financial platforms enabling sanctions evasion and support to Iranian state‑linked entities.
Over the past two years, Zanjani has served as chief executive and covert financial backer for his so-called Dot One companies.
OFAC has sanctioned Dot One Value, which purports to provide logistics, telecommunications, aviation, transportation, and digital assets. Zanjani was appointed the CEO of this company as early as 2024 and retains control over Dot One Value.
Also sanctioned is DotOne Gold Company - Zanjani’s gold bar minter, which is integral to the operations of Tala Token, an allegedly gold-backed digital asset token.
OFAC has designated DotOne Rail Company, DotOne Barter Company, DotOne Airlines Company, and DotOne Trip for their involvement in Dot One Value.
On January 30, 2026, OFAC designated Zanjani’s two UK-registered exchanges, Zedcex and Zedxion. These exchanges have processed funds on behalf of the IRGC.
Zedpay, a financial technology company that provides digital wallet and global transfer services, was also designated by OFAC.
Others sanctioned include Dubai-based Zedx and its manager, Sukhrob Oimakhmadov.
Dubai-based BZ Diamond FZCO was designated for its support of Zedxion digital asset projects. Zanjani’s sister Bahareh Morteza Zanjani and his significant other, Solmaz Bani, were also sanctioned.
“The Iranian regime continues to pay a steep economic price for its reckless behavior, with the rial plunging to another record low and inflation up massively,” said Secretary of the Treasury Scott Bessent. “Under President Trump’s leadership, Treasury will continue cutting off economic access for corrupt Iranian regime elites, along with their financiers and facilitators.”