The Department of Justice is reportedly looking into JPMorgan and Citigroup as part of an investigation into Iranian Supreme Leader Mojtaba Khamenei’s trail of money flows through the US.
Amid a broader effort to crack down on money laundering and corruption, officials have launched a probe into how Khamenei has managed to build up a massive investment portfolio with exposure to Wall Street banks, Bloomberg reported, citing anonymous officials.
Investigators are examining large money movements between firms overseen by Khamenei — and whether US financial institutions, including JPMorgan and Citi, helped facilitate those transactions, according to the report.
The DOJ and Citi declined to comment. JPMorgan did not immediately respond to The Post’s request for comment.
Along with US banks, European and Middle Eastern lenders are reportedly facing scrutiny in the probe. Global brands that received payments from the network, like Hilton Worldwide Holdings, are too.
That’s because the Iranian leader’s network — which includes everything from Persian Gulf shipping to British luxury property — has routed its funds through banks in the UK, Switzerland, Liechtenstein and the United Arab Emirates, Bloomberg reported.