"Washington said it laundered billions of dollars through front companies in the UAE and Hong Kong. Two exchange houses linked to the family's network, Berelian Exchange and GCM Exchange, were also designated. Also named are Turkish national Ekrem Oztunc, Namiq Salifov from Azerbaijan and Nihat Abdul Kadir Asan from Iran. All are accused of threatening, planning or conducting attacks in the UK or elsewhere."
The British government imposed sanctions on an Iranian-linked network accused of laundering billions and plotting attacks in the UK and elsewhere. The Foreign Office issued travel bans, asset freezes, and director disqualification orders affecting nine people and three entities tied to Iranian-backed hostile activity. The measures target alleged members and associates of the Zindashti criminal network, accused of threatening, planning, or conducting attacks against people and assets. Naji Ibrahim Sharifi-Zindashti was previously sanctioned by Britain and the United States in 2024 and described as an Iran-directed cartel leader. The Zarringhalam family members were also sanctioned for alleged financing of destabilisation, with US designations tied to Iran’s shadow banking network and laundering through front companies in the UAE and Hong Kong. Exchange houses linked to the network were designated as well.
#uk-sanctions #iran-linked-networks #asset-freezes-and-travel-bans #shadow-banking-and-money-laundering #assassination-and-kidnapping-plots
Read at www.aljazeera.com
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