Stock Markets June 18, 2026 07:41 AM

U.S. Justice Department Probing Transactions Linked to Iran’s Supreme Leader

Inquiry examines how Mojtaba Khamenei amassed investment holdings with ties to major Wall Street banks

By Hana Yamamoto
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The U.S. Department of Justice is conducting an inquiry into how Iran’s Supreme Leader Mojtaba Khamenei established a global investment portfolio that involved transactions connected to U.S. banks. The probe, which forms part of a wider review into alleged money laundering and corruption, is scrutinizing deals tied to firms overseen by Khamenei and the role played by American financial institutions, including JPMorgan Chase and Citigroup. The investigation does not necessarily indicate forthcoming charges and remains focused primarily on Khamenei.

U.S. Justice Department Probing Transactions Linked to Iran’s Supreme Leader
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Key Points

  • The DOJ is investigating how Mojtaba Khamenei built a global investment portfolio that involved exposure to U.S. banks.
  • The probe is part of a wider examination into alleged money laundering and corruption and focuses on transactions tied to firms overseen by Khamenei.
  • Banks under review include JPMorgan Chase and Citigroup - the review of their role does not automatically imply charges will follow.

Overview

The U.S. Department of Justice has opened an investigation into the construction of a global investment portfolio linked to Iran’s Supreme Leader, Mojtaba Khamenei, according to officials familiar with the matter. The inquiry is part of a broader review that is examining allegations of money laundering and corruption tied to assets and transactions connected to firms overseen by Khamenei.


Scope of the probe

Investigators are assessing how the portfolio was built and are reviewing specific transactions that show exposure to major Wall Street banks. The review explicitly includes scrutiny of the role U.S. banks may have played in facilitating or processing those transactions. Sources familiar with the inquiry identified certain banks that are under review.


Banks named in review

The banks identified by sources as part of the review include JPMorgan Chase and Citigroup. Representatives for those banks, as well as the Department of Justice, did not immediately respond to requests for comment. The fact that the institutions are under review does not on its own indicate that criminal charges will be filed.


Primary focus and limitations

According to officials familiar with the matter, the principal subject of the inquiry remains Mojtaba Khamenei. The reporting emphasized that an investigation is an examination of conduct and evidence - it does not automatically presage formal charges. The probe sits within a broader effort to investigate alleged money laundering and corruption linked to the Supreme Leader’s financial interests.


Context provided in reporting

The coverage notes that Khamenei was chosen as Iran’s supreme leader after his father, Ayatollah Ali Khamenei, was killed in a U.S.-Israeli airstrike. As supreme leader, Khamenei is described as having the final say on state matters, including foreign policy and Iran’s nuclear program.


What is known and what remains uncertain

Officials familiar with the investigation have described the subject matter and the institutions under review, but have not outlined specific transactions, dates, or potential legal outcomes. The inquiry remains ongoing, and the reporting does not indicate whether the review will lead to charges or other enforcement actions.

Risks

  • Uncertainty over whether the investigation will result in charges - this creates legal and reputational risk for institutions mentioned, notably in the banking sector.
  • Potential regulatory scrutiny of transaction flows and compliance practices at U.S. banks involved in the reviewed transactions - impacting banking and financial services markets.
  • Limited public information on specific transactions and outcomes leaves markets facing sustained uncertainty about the scope and duration of the inquiry.

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