Here are all of the articles we published on KSC:

1. Taiwanese Exporter Violates Sanctions against Iran's Khouzestan Steel Company

2. Iranian Banks Utilize Front Companies to Bypass Sanctions against Iran's Steel Industry

3. Exposing Iran's Khouzestan Steel Company's International Clients Violating Sanctions

4. Iran’s Steel Industry Circumvents Sanctions by Using Western Vessels for Its Exports

   The leaked data from Iran's steel industry indicates that the Iranian banks manage to provide international services, mainly in the United Arab Emirates, China, and Honk Kong, despite the sanctions utilizing over 100 front companies. These front companies use their accounts at major foreign banks for receiving payments from KSC and MSC for their exports, and then pay for other Iranian imports using these received sums. Pursuing this channel, the front companies forge documents so to hide the actual purpose as well as the identities of the entities involved in the transactions.

The exposed information also suggests that the Ansar Bank's exchange body, named "The Ansar Exchange Company," facilitates most of KSC's annual export amounting to over 1.3 billion USD, utilizing different front companies, mainly in the UAE, China, Hong Kong and Turkey. This bank has been sanctioned internationally, initially by the U.N. and later by the E.U., for providing financial services to the Islamic Revolutionary Guard Corps (IRGC), and consequently being labeled as Iran's most notorious bank.

Ansar Exchange - Exchange office operated by Iran's notorious bank and KSC's key money facilitator abroad

WikiIran introduces here over 100 companies, which according to the new leaked documents, have been operated by the KSC as its front companies. The following Excel file is gathering 100 and more front companies used by KSC.

The mentioned Front Companies were found in the recent database from MSC&KSC leak.

China

Hong Kong

Oman

Singapore

Turkey

UAE

Contract between KSC and Ansar Exchange