US Sanctions Dubai-Based Iranian Financier Accused of Embezzling for Supreme Leader
The United States government has imposed economic sanctions on Ali Ansari, an Iranian national based in Dubai, who is accused of embezzling billions of dollars of public funds to benefit Iranian regime elites, including Supreme Leader Mojtaba Khamenei.
The US Treasury Department described Ansari as a 'key financier' for the Islamic Republic's leadership. According to the Treasury, Ansari 'effectively institutionalised large-scale embezzlement within the Iranian regime, diverting publicly funded wealth into an extensive overseas portfolio of real estate and commercial holdings.' The funds were allegedly used to enrich himself, the supreme leader's office, and Iran's Islamic Revolutionary Guard Corps.
The embezzled money was reportedly invested in real estate and commercial properties in Germany, Luxembourg, Spain, Britain, Cyprus, the United Arab Emirates, and other countries. The Treasury said the global network of shell companies operated under a holding company established in 2011 in Saint Kitts and Nevis, a Caribbean nation.
'Although held in Ansari's name, many of these financial interests are ultimately held for the financial benefit of Mojtaba Khamenei, his family, and other Iranian elites in the regime,' the Treasury said in a statement.
The sanctions, administered by the Office of Foreign Assets Control (OFAC), typically result in the freezing of any assets held in the United States. They also prohibit American companies and citizens from doing business with the targeted individual, on penalty of similar sanctions.
Mojtaba Khamenei became Iran's supreme leader after his father, Ali Khamenei, was killed on the first day of the Middle East war, which was triggered on February 28 by US and Israeli airstrikes.
In addition to Ansari, the US took action against three Iran-based currency exchange houses: Mohammad Darbani and Partners, Lavasani and Partners, and Mohsen Khandan and Partners. The Treasury accuses these entities of moving billions of dollars per year for sanctioned Iranian banks through layers of shell companies.
'By targeting these networks, the United States is directly disrupting the regime's ability to access foreign currency and conduct international financial activity,' State Department spokesman Tommy Pigott said in a separate statement.
Tensions between Tehran and Washington have escalated as US-Iran clashes resumed this week. US President Donald Trump asserted that the ceasefire between the longtime foes was over. Pigott said Washington will continue to pursue sanctions against individuals and entities that facilitate 'illicit Iranian commerce,' and that the Trump administration 'will not relent until the Iranian regime ends its destabilising behavior and its exploitation of the Iranian people.'
