The US Treasury just dropped a financial hammer on one of Iran’s key money-moving operations. The Office of Foreign Assets Control designated Amin Exchange, formally known as Ebrahimi and Associates Partnership Company, along with a web of individuals, front companies, and vessels tied to Iran’s shadow banking network.
The action is part of a broader campaign the Treasury is calling “Economic Fury,” a coordinated effort to dismantle the financial plumbing that keeps sanctioned Iranian banks connected to global markets. Over 50 entities, individuals, and vessels were caught in this particular net.
Who got caught and why it matters
At the center of the designation sits Amin Exchange, accused of facilitating hundreds of millions of dollars in foreign transactions on behalf of already-sanctioned Iranian banks. The operation allegedly helped divert funds and process payments tied to oil, petrochemical, and other trade proceeds.
Two names stand out in the filing. Yousef Ebrahimi, the owner of the exchange operation, and Samad Nemati, its CEO. Nemati carries an especially notable credential: he’s a former officer of the Iranian Revolutionary Guard Corps. Additional individuals named include Ali Hazrati Chakherlo and Mahmoud Ebrahimi.
