Sadaf Exchange
Sanctioned exchange house shadow-banking fronts Nix Energy and Tai Lung Trading used to move funds.
Last refreshed: 17 August 2026
Timeline for Sadaf Exchange
Sanctioned exchange house named in Treasury release sb0477 as a conduit in the shadow banking network
Iran Conflict 2026: Iran sanctions the register can't findBackground
Sadaf Exchange is a sanctioned Iranian exchange house that OFAC named on 7 August 2026 as the principal in a shadow-banking action naming 35 entities and individuals under Executive Orders 13224 and 13902 . Treasury's release, sb0477, states two front companies, Nix Energy and Tai Lung Trading, were used by Iranian exchange houses including Sadaf to move millions of dollars for sanctioned Iranian entities.
The money moves through Sadaf, not to it. Tai Lung Trading was designated under E.O. 13224 specifically for having materially assisted or supported Sadaf Exchange. Nix Energy was designated separately under E.O. 13902 for operating in Iran's financial sector; Treasury's shadow-banking sentence names it alongside Tai Lung as a conduit Iranian exchange houses, Sadaf included, used to move funds. The wider network collects payment for Iran's sanctioned oil and commodity sales on behalf of the National Iranian Oil Company, the Revolutionary Guard and Iran's armed forces command.
Treasury's notice gives no further public detail on Sadaf's own ownership or transaction history. This page remains provisional pending fuller reporting.