TITLE: United States Office of Foreign Assets Control Adds Iran-Linked Individuals and Entities to Sanctions List
BODY:
On July 24, 2026, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals and Blocked Persons List (SDN List) by adding four individuals and eight entities linked to Iran under Executive Order 13902.
The designated individuals include Solmaz Bani, a Netherlands national based in Dubai; Sukhrob Oimakhmadov, a Tajikistan national; Mehdi Rezazadeh, an Iran national; and Bahareh Morteza Zanjani, an Iran national based in Dubai. The designated entities comprise the DOT ONE VALUE CREATION GROUP (also known as AVAN INTERNATIONAL FINANCIAL AND ECONOMIC DEVELOPMENT GROUP), a holding company established in November 2024 in Tehran, and its subsidiaries: DOTONE AIRLINES COMPANY, DOTONE BARTER COMPANY, DOTONE GOLD COMPANY, DOTONE RAIL COMPANY, and DOTONE TRIP. Additionally, OFAC designated BZ DIAMOND DMCC, a jewelry and gemstone trading entity based in Dubai, and ZEDPAY FINANSAL SISTEM VE HIZMETLERI ANONIM SIRKETI, a Turkish financial services company established in May 2022.
OFAC designated these individuals and entities as subject to secondary sanctions, meaning foreign persons and entities engaging in transactions with them may face sanctions exposure. In related actions, OFAC issued Russia-related General License 131H authorizing certain transactions for negotiating and entering contingent contracts for the sale of Lukoil International GmbH and related maintenance activities. OFAC also amended Russia-related Frequently Asked Questions 1224 and 1225, and Venezuela-related Frequently Asked Question 1239. Additionally, OFAC adopted a final rule updating website and contact information in the Code of Federal Regulations and amending general licenses authorizing payments for legal services to replace reporting requirements with recordkeeping requirements.