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The Department of Justice is investigating transactions tied to a business network linked toIranianSupreme Leader Mojtaba Khamenei. reportedly had exposure to major U.S. financial institutions, according to a Bloomberg News report.
Bloomberg reported federal investigators are examining how companies connected to Khamenei built a global investment portfolio with transactions involvingWall Streetfirms includingJPMorgan Chaseand Citigroup.
The reported probe is part of a broader Justice Department investigation into alleged money laundering. corruption involving entities tied to Khamenei, according to Bloomberg, which cited people familiar with the matter.
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JPMorgan Chase headquarters in New York City. Federal investigators are reportedly reviewing transactions tied to a business network linked to Iran's supreme leader that involved major U.S. financial institutions.(Photo by Tim Clayton/Corbis via Getty Images / Getty Images)
JPMorgan Chase, Citigroup and the Department of Justice did not immediately respond to FOX Business' requests for comment.
Investigators are reviewing the role U.S. financial institutions may have played in processing or facilitating transactions linked to the network. though Bloomberg reported the investigation does not necessarily mean charges will be filed.
The reported inquiry comes as the Trump administration has intensified pressure on Iran. sought to crack down on sanctions evasion and illicit financial activity tied to Tehran and its leadership.
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Citigroup headquarters in New York City. The bank was named in a report on a Justice Department investigation examining transactions linked to a business network tied to Iran's supreme leader.(Victor J. Blue/Bloomberg / Getty Images)
The investigation could place renewed scrutiny on how major financial institutions identify. monitor potentially sanctioned entities operating through complex international ownership structures and investment vehicles, a longstanding challenge for global banks and regulators.
Bloomberg reported that investigators' primary focus is Khamenei. the network of businesses tied to him rather than the banks themselves.
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Khamenei became Iran's supreme leader after his father, Ayatollah Ali Khamenei, was killed in a joint U.S.-Israeli airstrike. As Iran's highest-ranking authority, he has final say over major state decisions, including foreign policy and the country's nuclear program.
The reported investigation comes amid heightened tensions between Washington. Tehran as the administration continues to increase economic and diplomatic pressure on the Iranian regime.
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