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US sanctions target Iranian billionaire Babak Zanjani's Dot One conglomerate
bne IntelliNews·US · IR · TR·3 days ago
The US Treasury's OFAC has designated four individuals and nine entities across Turkey and the UAE for facilitating financial operations for Iranian billionaire Babak Zanjani. This action targets the infrastructure supporting Iran's sanctions evasion, increasing compliance pressure on regional fintech firms. The move follows a period of sustained currency volatility in Iran.
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