US Sanctions 9 Firms, 4 People in Zanjani Network
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- Treasury Department announced sanctions Friday against nine firms and four people in the business network of Babak Zanjani, accusing them of attempting to evade US sanctions.
- Babak Zanjani is described as a previously sanctioned Iranian financier; the new action targets his associates and companies rather than imposing first-time sanctions on him.
- The sanctions were detailed in a Treasury Department statement released Friday, July 25, 2026, with the targeted firms and individuals forming the core of Zanjani's commercial network.
Why it matters: Even on individuals already locked out of the US financial system, the Treasury is mapping and punishing the human and corporate scaffolding that keeps sanctioned money moving — nine firms and four associates blacklisted alongside Zanjani signals the network is being pursued as an ecosystem, not a name.
