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US Treasury Department Implements Sanctions Against Iranian Financier Babak Zanjani's Network

The US Treasury Department has announced new sanctions against businesses and associates of Iranian financier Babak Zanjani, effective July 25, 2026. The sanctions target nine firms and four individuals for their efforts to evade sanctions.

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Babak Zanjani

The United States Treasury Department announced on July 25, 2026, that it will impose sanctions on several businesses and associates linked to Iranian financier Babak Zanjani. This action targets nine firms and four individuals within Zanjani's business network, as they are accused of attempting to evade existing sanctions. The Treasury Department provided details regarding the firms and individuals involved in a statement released on the same day.

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Original Headline

New US sanctions target billionaire Iranian financier Babak Zanjani

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US Treasury Department Implements Sanctions Against Iranian Financier Babak Zanjani's Network