The U.S. Department of Justice is investigating JPMorgan Chase and Citigroup for handling funds linked to Iran’s Mojtaba Khamenei. This probe examines alleged money laundering and corruption involving a global investment portfolio.
Investigators are scrutinizing transactions from firms reportedly overseen by Khamenei. They are assessing due diligence procedures at U.S. financial institutions that may have facilitated these movements.
The inquiry also extends to European and Middle Eastern lenders. While the probe focuses on Khamenei’s financial network, its existence does not guarantee formal charges.