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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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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New US sanctions target billionaire Iranian financier Babak Zanjani
US Treasury Department Implements Sanctions Against Iranian Financier Babak Zanjani's Network