Treasury Department Sanctions More Individuals and Entities in Iranian Evasion Network

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has designated four individuals and nine entities as part of its ongoing efforts to dismantle Babak Zanjani's Iranian sanctions evasion network. This action targets the network's use of various illicit methods, including financial services, precious gem production, digital asset trading, and major infrastructure projects, to launder money and covertly move funds.