UK government sanctions 12 individuals and entities linked to Iran’s shadow banking network
Crypto Briefing
The UK government has sanctioned 12 individuals and entities connected to an Iranian shadow banking network involved in illicit money laundering and hostile operations.Summary
The UK’s Foreign, Commonwealth and Development Office has imposed sanctions on 12 individuals and entities, including the Zindashti criminal network and two exchange houses, Berelian Exchange and GCM Exchange. These entities are accused of facilitating money laundering and supporting hostile operations for the Iranian regime.
The sanctions include asset freezes, travel bans, and disqualification orders, aligning the UK’s policy with previous US Treasury enforcement actions. This latest measure brings the total number of UK sanctions against Iranian targets to over 550, reinforcing international efforts to dismantle the regime's financial infrastructure.
(Source：Crypto Briefing)