The inquiry centers on the reach of Khamenei’s financial network, specifically examining whether U.S. banks facilitated movements of capital tied to his oversight. Sources familiar with the investigation identified JPMorgan Chase and Citigroup as institutions currently under review. While the probe targets the supreme leader’s fiscal activities, officials noted that the examination remains in a preliminary phase, carrying no immediate certainty of formal charges.

Representatives for JPMorgan Chase and the Department of Justice did not respond to requests for comment, while Citigroup declined to address the matter. This investigation marks a significant escalation in the scrutiny of how international assets connected to the Iranian leadership interact with the U.S. banking system, particularly regarding funds suspected of bypassing existing sanctions and anti-corruption protocols.