US Sanctions Family of Iranian Tycoon in Crackdown on Alleged IRGC Crypto Network

U.S. authorities sanctioned four individuals and nine entities linked to Iranian financier Babak Morteza Zanjani for allegedly operating a global sanctions-evasion network that moved funds via crypto exchanges, shell corporations, and supporting financial infrastructure; OFAC designated family members, associates, the Dot One conglomerate and subsidiaries, and foreign service providers in Turkey and the UAE, freezing assets and prohibiting U.S. transactions.