TRM Laboratories On July 24, 2026 he noted: U.S. Treasury Department Office of Foreign Assets Control (OFAC) Significantly expanded Iran-related sanctions by designating additional individuals and companies with ties to Iran. Iranian businessman Zanjani’s division and related First Point commercial network.
Previous measures focused mainly on: cryptocurrency platforms Zedcex Exchange Ltd. And Zedxion Exchange Ltd..
The latest designations extend to gold production, digital payments, transportation, and a collection of companies based in Türkiye and the UAE that provide material, technological and financial assistance to these exchanges.
This move reveals a more advanced understanding of how modern sanctions evasion operations work.
Rather than being tied to a single exchange or financial institution, these networks spread risk across many seemingly separate companies, each handling different stages of trading, payment, or value transfer.
At the beginning of the year, TRM Laboratories After OFAC approved the two exchanges, it examined the Zedcex ecosystem; these were the first digital asset platforms to target ties with Zedcex. Islamic Revolutionary Guard Corps (IRGC).
Blockchain tracking showed that the platforms processed tens of billions of dollars of cryptocurrency while serving as key infrastructure in Iran’s digital asset landscape.
The follow-up effort went beyond on-chain activities to map supporting payment providers, enterprise vehicles, logistics firms and key personnel.
Many of the newly identified names (ZEDX DMCC, ZedPay, BZ Diamond and several Dot One companies) had already appeared in previous mapping of the corporate and operational structure around Zedxion.
sanctions Therefore, we aim for a vertically integrated trading system covering digital assets, payment services, commodity trading, logistics, transportation and international trade.
Although each company presents itself as an independent player in its industry, researchers noted repetitive management models, shared branding, persistent digital media. infrastructureand overlapping personnel that point to a much more unified network than formal corporate filings alone suggest.
ZEDX DMCC, a dubai-registered company, demonstrating the network’s increasing dependence on the United Arab Emirates.
Operational focus had gradually shifted from short-lived organizations in the UK to more durable organizations UAE Dubai based structures. The identification of payment platform ZedPay, which works with the Zedxion ecosystem, shows that the application is expanding from the pure cryptocurrency directs them to financial services that support them.
Corporate filings and public materials have consistently linked ZedPay to exchanges; payment processing constituted a whole rather than a peripheral element.
Treasury also has a name Mehdi RizazadeCEO of ZedPay. Previous studies have identified him as a high-level figure in the broader ecosystem; Participated in international trade events where mining investment and cooperation involving Africa and Russia were discussed, ChineseIranian and earlier UK registrations linked him to relevant companies.
The inclusion of an individual manager indicates that authorities are monitoring personnel as well as corporate tools.
BZ Diamond DMCC, a Dubai precious metals company affiliated with Bahareh Zanjani, further demonstrates its reach beyond the network digital assets.
The overlapping technical infrastructure with other parts of the group strengthened its place in the wider architecture.
The newly sanctioned entities collectively operate in aviation, rail and commodities. tradetravel, precious metals, payments and digital assets.
When viewed separately, they look like ordinary businesses; Viewed together, they form a diversified system capable of conducting international activities. trade while limiting dependence on any single firm or jurisdiction.
Recurring themes help explain the network’s durability: The same people appear again and again as executives, shareholders, or technical heads in multiple companies; England organizations frequently transitioned between founding, inactivity, and leadership changes, while successor firms retained branding and operational ties; and digital assets (domain registrations, email addresses, and technical administrators) remained consistent legal entities have changed.
Diversification across more than nine sectors has further spread risk and created multiple channels for value movement.
The July 24 appointments therefore represent more than an increasing expansion against Zanjani.
These reflect an evolving implementation approach to addressing complex applications. sanctionsSmuggling networks as interconnected commercial ecosystems rather than isolated exchanges.
TRM Laboratories is now concluded The lesson for compliance and investigation teams is clear: Cryptocurrency activity rarely stands alone. Full understanding requires combining block chain Analysis through corporate records, domain intelligence, and open source research to map the broader support structures that enable illegal continuation of funding.
