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Hossein Ali Zaker Hossein

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[AI-DRAFTED · AWAITING VERIFICATION]

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Summary

Hossein Ali Zaker Hossein is an Iranian national designated by the U.S. Treasury's Office of Foreign Assets Control (OFAC) on September 17, 2026, as a Specially Designated National (SDN) under Executive Order 13902 as part of Operation Economic Outcast. OFAC's designation alleges he served as a senior executive within Babak Zanjani's Dot One conglomerate, acting as a key facilitator of Iranian sanctions evasion activity including oil exports and digital asset transfers that OFAC alleges ultimately benefited the Islamic Revolutionary Guard Corps (IRGC). He is subject to secondary sanctions, meaning any foreign individual or entity that engages in transactions with him may itself be designated.

Connected Entities

1 entity

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Timeline(9 events)

1 January 2016

Babak Zanjani sentenced to death in Iran for embezzling from the National Iranian Oil Company (NIOC). Zaker Hossein's association with Zanjani predates this period per OFAC allegations, though the precise start of their working relationship is not publicly documented.

Wikipedia / OFAC background

1 January 2024

Babak Zanjani's death sentence commuted by Iranian courts. Zanjani re-emerges publicly as backer of regime-linked economic projects including Dot One. He is appointed CEO of Dot One Value Creation Group, the parent entity of the network within which Hossein Ali Zaker Hossein allegedly operated as executive.

U.S. Treasury Press Release sb0632

1 January 2024

BitBank launches as an Iranian digital asset exchange. Zanjani begins advertising it on his social media accounts. Pishtaz Simorgh Electronic Trade Company, a Dot One subsidiary, builds the platform.

U.S. Treasury Press Release sb0632 / CoinDesk

30 January 2026

OFAC designates Babak Zanjani and his two largest digital asset projects, Zedcex and Zedxion, under Executive Order 13902.

U.S. Treasury Press Release sb0576

1 June 2026

BitBank begins processing Bitcoin payments from the Hormuz Safe Marine Services Authority, the entity collecting ship-transit tolls from vessels passing through the Strait of Hormuz. OFAC later alleges these funds were routed to the Iranian regime and IRGC.

U.S. Treasury Press Release sb0632 / Decrypt

1 July 2026

Between June and July 2026, OFAC alleges BitBank facilitated the transfer of hundreds of millions of dollars worth of Bitcoin to the IRGC. OFAC alleges Hossein Ali Zaker Hossein brokered digital asset transactions during this period.

U.S. Treasury Press Release sb0632

24 July 2026

OFAC designates Dot One Value Creation Group and eight additional Dot One subsidiaries and associates in a second wave of Zanjani network sanctions. Hormuz Safe Marine Services Authority is also designated at this time.

U.S. Treasury Press Release sb0576

24 August 2026

Treasury Secretary Scott Bessent announces Operation Economic Outcast, described as a 'whole-of-government economic campaign against the Islamic Republic of Iran,' targeting five sectors including digital assets.

U.S. Treasury Press Release sb0613

17 September 2026

OFAC designates Hossein Ali Zaker Hossein as an SDN under the Iran-EO13902 sanctions program, alongside BitBank, Pishtaz Simorgh Electronic Trade Company, Mohammad Mahdi Zaker Hossein, and Seyed Adel Heidari. He is listed as a Dot One executive and alleged senior facilitator of Zanjani's sanctions evasion network including oil exports and IRGC-bound digital asset transfers.

OFAC Recent Actions — September 17, 2026
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 13 of 15 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 9/20/2026, 11:07:59 PM

last updated: 9/21/2026, 1:05:06 AM

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