Britain’s company register, Companies House, has moved to dissolve Zedxion Exchange Ltd., a cryptocurrency platform accused of processing funds for Iran’s Islamic Revolutionary Guard Corps (IRGC), according to a notice published on its website.

The action follows U.S. sanctions imposed in January by the Treasury’s Office of Foreign Assets Control (OFAC), which designated Zedxion and a related entity, Zedcex, for their alleged role in enabling Iran to evade sanctions and for links to sanctioned financier Babak Zanjani.

Companies House said the shutdown was related to “information or a statement in an application for incorporation that is misleading, false or deceptive.” Investigators for the Organized Crime and…