UK sanctions Iran-linked network over attack plots and financing through shadow banking

The UK government has imposed sanctions on 12 individuals and entities connected to Iran, targeting a network involved in assassination plots, hostile operations on British soil, and laundering billions of dollars through shadow banking. The sanctioned entities include the Zindashti criminal organization, led by Naji Ibrahim Sharifi-Zindashti, and the Zarringhalam family, accused of facilitating the laundering. Two Iran-based exchange houses, Berelian Exchange and GCM Exchange, were identified as key financial intermediaries in this shadow banking system. This action is coordinated with similar US sanctions, which are also focusing on networks facilitating Iranian oil sales to China. The sanctions highlight the intersection of national security concerns and economic warfare, with implications for cryptocurrency exchanges and financial markets that need to update their screening lists.

(Source：Crypto Briefing)