Jerusalem, 9 April, 2026 (TPS-IL) — Israel’s Anti-Money Laundering and Terrorist Financing Authority revealed that, on March 25, 2026, the Minister of Defense declared three organizations to be terrorist organizations and one person a terrorist operative, detailed below, under Israel’s Combating Terrorism Law.
The three companies so designated were ZedPay, Zedxion Exchange and Zedcex Exchange Ltd. All three are British financial services firms. Zedxion Exchange and Zedcex Exchange Ltd. Have both been sanctioned by American authorities for engaging in money laundering on Behalf of Iran and the British government is taking steps to dissolve the.
Babak Zanjani is an Iranian billionaire who manages one of Iran’s largest businesses, which is based in the UAE.