UK

UK unveils new sanctions targeting Iran-backed criminal and financial networks

Yvette Cooper said the sanctions will target individuals who ‘threaten security on UK streets’

May 11, 2026 17:12
Yvette Cooper
Britain's Foreign Secretary Yvette Cooper speaks during a virtual summit at the Foreign & Commonwealth Office in London, April 2, 2026 (Credit: Leon Neal / POOL / AFP via Getty Images)
1 min read

The UK has announced a new package of sanctions targeting Iranian-linked organisations and individuals accused of threatening British and international security.

The measures, unveiled by Foreign Secretary Yvette Cooper on Sunday, are aimed at disrupting illicit financial networks and criminal groups allegedly acting on behalf of the Iranian regime.

The sanctions target organisations including Berelian Exchange, GCM Exchange and the Zindashti Network, all of which will face asset freezes and director disqualifications. Several individuals linked to the groups have also been sanctioned, with some additionally subjected to travel bans.

The government said the action was intended to counter Iranian-backed hostile activity overseas, including alleged threats against dissidents in Europe and the use of criminal proxies to conduct operations abroad.

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