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GeopoliticsConfirmedMediumDeveloping
9.5

US Treasury sanctions entities in Turkey and UAE linked to Babak Zanjani's Iranian sanctions evasion network

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.

bne IntelliNews - Emerging Markets News1 day agoUS, TR, AE, IRengCredibility 55%View source

Score Breakdown

Mosaic Score9.5
Confidence0.9
Significance0.5
Source credibility0.6

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IstanbulDubai

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