Why did the US sanction this Istanbul payments firm?
Timeline for ZedPay
OFAC names four in Zanjani network
Iran Conflict 2026Background
OFAC designated ZedPay on 24 July 2026, naming it an Istanbul-based payments firm within a sanctions-evasion network Treasury ties to financier Babak Zanjani. Treasury says ZedPay provided cross-border payment capability to other sanctioned members of the group, and names Mehdi Rezazadeh as its chairperson. The designation is part of a wider 24 July round that also named sister firms ZedX DMCC and BZ Diamond DMCC in Dubai, plus a cluster of Tehran holding companies trading as DotOne.
No Independent corporate reporting on ZedPay beyond the designation has been found.
What is ZedPay?
Why was ZedPay sanctioned?
Where is ZedPay based?
Who chairs ZedPay?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 25 July 2026. Editorial standards.