The previously-exposed Amin Exchange House is revealed for the second time! A recent leak sheds light on its organization, structure, figures and entities all of which are accomplices in very large sanctions evasion schemes.

Amin exchange is one of the two exchanges that make up the the Ebrahimi and Associates Guarantee Society, a prominent Iranian exchange houses, located in the Northwestern city of Tabriz, capital of the East Azerbaijan province.

In March 2023, WikIran published a trove of the exchange’s documents, exposing its activities. Despite this, Amin Exchange remains a significant player in Iran’s foreign currency market. Recently, a new set of documents has been leaked, revealing the exchange house's continued involvement in grand sanctions evasions schemes. Amin Exchange collaborates with major Iranian exporters such as the petrochemical giant PGPICC, and bank-affiliated exchanges like Tejarat Exchange - All three companies have been previously exposed here on WikIran.

Below, we shed light on the structure and the key individuals responsible for its sanctions-bypassing activities:

Amin Exchange

A formal letter from Amin Exchange lists its owners and key figures, including private information such as national code and phone numbers.

The Turkish and Iranian passports of Yousef Ebrahimi, Amin Exchange’s Owner.

Interestingly, members of the Ebrahimi family and senior employees of the company hold legal status in Turkiye, ranging from residency permits to full citizenship.

Turkish Residence permit of Ali Hazrati Chakherlo, a key figure in Amin Exchange, suggests that his Turkish connection may facilitate the exchange's front business in Turkiye.

Documents of Samad Nemati, Amin Exchange’s CEO and a former IRGC officer.

Mahmoud Ebrahimi, Yousef’s brother and a prominent figure in the exchange house, has significant connections in the Iran-China Chamber of Commerce, making his presence valuable for promoting the exchange’s interests in China.

AFA Exchange

A letter from AFA Exchange listing its key figures, including Shahram Ebrahimi (owner and head of directorate), Behnam Aali-Nejad (owner and member of directorate) and Hadia Bah-Nasser (CEO).

These exchange houses are complicit in Iran's sanctions evasion and money laundering schemes on a large scale. The individuals exposed are essential facilitators of these illegal practices, and WikIran will provide concrete examples in the coming days.

WikIran calls on all capable actor to refrain from cooperating with Amin and AFA Exchange Houses, as such aid may be considered a violation of US sanctions and result in enforcement action.