💰 Follow the Money
Where the money behind Iran's leadership comes from and goes — assets, front companies, foundations and the sanctioned entities behind them. Every claim sourced and labelled. See also all sanctioned Iranian entities in the news.
Setad / EIKO — the Supreme Leader's financial empire
A parastatal conglomerate reporting directly to Iran's Supreme Leader, built substantially on confiscated property.
Read the dossier →The IRGC's economic empire — Khatam al-Anbiya
The Revolutionary Guards' engineering and business arm, and the contested scale of its hold on Iran's economy.
Read the dossier →The bonyads — Iran's parastatal foundations
Tax-privileged foundations, appointed by and reporting to the Supreme Leader, that hold a large share of the economy.
Read the dossier →Babak Zanjani — the sanctions-era oil intermediary
A billionaire middleman convicted of embezzlement in a case tied to sanctions-era oil revenue.
Read the dossier →Mojtaba Khamenei — the offshore-property investigation
An investigative report links the Supreme Leader's son to an offshore property network — reported, not court-established.
Read the dossier →Sanctions evasion — the "ghost fleet" and shadow banking
How Iran keeps selling oil under sanctions: a shadow tanker fleet, front companies, relabeled cargoes, and money-laundering networks.
Read the dossier →Gas-for-gold — the Zarrab / Halkbank case
The landmark, court-documented scheme that moved billions in Iranian oil-and-gas money around US sanctions through Turkey.
Read the dossier →The Shamkhani oil-shipping empire
A Dubai-based oil-and-shipping network linked to the son of a top Iranian security official — sanctioned in 2025 and exposed holding hidden property abroad.
Read the dossier →Bonyad Mostazafan — the Foundation of the Oppressed
One of Iran's largest conglomerates — scores of holdings across the whole economy — supervised by the Supreme Leader's office and tax-exempt.
Read the dossier →Astan Quds Razavi — the shrine endowment
The tax-exempt religious endowment that runs the Imam Reza shrine in Mashhad and controls an estimated $20 billion-plus in land and diversified holdings.
Read the dossier →A sanction or designation is an executive/national-security action, not a court conviction. Estimates are cited to their source and range; allegations are attributed and never presented as established fact.