Why did the US sanction this Dubai exchange in Zanjani's network?
Timeline for ZedX DMCC
OFAC names four in Zanjani network
Iran Conflict 2026Background
OFAC designated ZedX DMCC on 24 July 2026, naming it a Dubai-registered exchange and payments firm within a sanctions-evasion network Treasury ties to previously sanctioned oil-smuggling financier Babak Zanjani. Treasury names Sukhrob Oimakhmadov as The Firm's manager. The designation is part of a wider 24 July round that also named sister firms BZ Diamond DMCC and ZedPay, plus a cluster of Tehran holding companies trading as DotOne.
Treasury's listing is the only detailed public record of ZedX DMCC found. No Independent corporate reporting on The Firm beyond the designation is available.
What is ZedX DMCC?
Why was ZedX DMCC sanctioned?
Who manages ZedX DMCC?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 25 July 2026. Editorial standards.