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Treasury’s OFAC designates four individuals and nine entities in Babak Zanjani sanctions evasion network

Crypto Briefing 2026-07-24 19:04:53
Context: The US Treasury's Office of Foreign Assets Control (OFAC) has taken action against individuals and entities linked to Babak Zanjani, a sanctions evasion network. OFAC designated four individuals and nine entities in this network. The move targets crypto exchanges that processed a substantial amount of transactions.

Key Facts

  • The US Treasury's Office of Foreign Assets Control (OFAC) designated four individuals and nine entities tied to Babak Zanjani's sanctions evasion network.
  • The designated crypto exchanges processed $94 billion in transactions.
  • The designations aim to disrupt the sanctions evasion network of Babak Zanjani.
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