Singapore — 2 March 2026 — ChainUp today announced a pivotal enhancement to its compliance framework: a new mandatory quarterly Know Your Customer (KYC) refresh policy for all global clients and affiliates. This policy change is a direct result of ChainUp’s proactive internal review, which recently led to the ethical offboarding of Zedxion—a UK-based front company identified as having facilitated operational financing for Iran’s Islamic Revolutionary Guard Corps (IRGC).
While the client met all compliance requirements at onboarding, recent findings from an internal review led ChainUp to immediately sever all business ties with the entity in question. Consequently, ChainUp has officially terminated all business relationships, affiliations, and associations with Zedxion.
This immediate action underscores ChainUp’s unwavering commitment to integrity within the global financial ecosystem. The shift to a defensive periodic re-KYC model ensures that the company remains ahead of the continuously evolving regulatory landscape and maintains an ecosystem free of sanctioned entities.
