WikiIran
Exposing the Iranian money laundering mechanism: Another sanctions - violating exchange house exposed: Zarrin Ghalam
WikiIran's Exclusive
By
Editorial
/
September 2022

WikiIran is exposing another network of front companies operated by one of Iran's major money exchange houses, "ZarrinGhalam". ZarrinGhalam's network of front companies has been used to circumvent the sanctions imposed on the Islamic Republic. WikiIran's analysis points out that ZarrinGhalam's organizational structure and operational techniques are very similar to another leading money exchange house in Iran - "The Tahayyori Guarantee Society." WikiIran recently exposed Tahayyori's network of over 60 front companies for money laundering and circumventing international sanctions against Iran (See Tahayyori Exchange Leak.) trying to conceal the UBO (Ultimate Beneficiary owner) of those companies.

ZarrinGhalam's network consists of 30 international front companies operated by both the GCM Exchange (Known as Mansour ZarrinGhalam and Co. - منصور زرين قلم و شركاء) and the Berelian Exchange (Known as Nasser ZarrinGhalam and Co. – ناصر زرین قلم و شرکاء) managed by Mansour and Nasser ZarrinGhalam, respectively.

The front companies identified by WikiIran are based in the United Arab Emirates (UAE) and China. These companies own international bank accounts that enable Iranian entities such as banks, importers, and exporters to engage in international financial transactions using foreign currencies including the USD, Euro, British Pound (GBP), and United Arab Emirates Dirham.

ZARRINGHALAM’s role in this activity is hidden – the Iranian source of the funds and the Iranian beneficiaries are concealed and documents are obscured to effectively evade international sanctions. Documents leaked from ZARRINGHALAM's servers show the Iranian connection to the activity – in both the origin of funds and the final beneficiaries of the funds.

So far from these leaked records, WikiIran has identified 37 front companies with 140 bank accounts, thousands of bank statements, bank account information, trade licenses of those front companies, and contracts between Iranian customers and ZarrinGhalam. The bank accounts WikiIran has discovered that belong to ZarrinGhalam's front companies have been active in the years 2019-2022.

Individuals who either hold shares or work at the front companies as managers contribute to this network's operation, as they knowingly or unknowingly allow this activity to occur. WikiIran's findings show that the front companies are established by individuals who essentially serve as proxies, as they open up the companies that are actually managed and controlled by individuals of the ZarrinGhalam Iranian money exchanger.

WikiIran exposes a comprehensive list of all front companies that it has identified so far, including their international bank accounts, managed by ZarrinGhalam. This data includes: bank's location, front company's name, account number or IBAN, currency, host bank name, and SWIFT.

The leaked data highlights that 21 of the front companies are based in China, holding 58 different bank accounts (33 in Euro and 25 in USD), and 16 of them are in the UAE, holding 82 bank accounts (42 in UAE Dirham, 24 in USD, 14 in Euros and 2 in GBP).

China

Bank Of Dalian:

Front Company NameAccount Number or IBANSWIFTCurrency
Maygu International Trading Co. ,LTDNRA120024000001344DLCBCNBDXXXEUR
Moresoleil LimitedNRA120029000001054DLCBCNBDXXXEUR

China Zheshang Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Chongmingdao International Trading Co.NRA2900000013820100015472ZJCBCN2NEUR
Chongmingdao International Trading Co.NRA2900000011420100104093ZJCBCN2NUSD
Fengxian International Trading And Services Co., LimitedNRA2900000011420100098721ZJCBCN2NUSD
Fengxian International Trading And Services Co., LimitedNRA2900000013820100014886ZJCBCN2NEUR
Jiushine Trading LimitedNRA2900000011420100118517ZJCBCN2NUSD
Jiushine Trading LimitedNRA2900000013820100018533ZJCBCN2NEUR
Noveluck Trading LimitedNRA2900000011420100117638ZJCBCN2NUSD
Noveluck Trading LimitedNRA2900000013820100018109ZJCBCN2NEUR

Evergrowing Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Fesenz Trading LimitedNRA802110011423700332HFBACNSD210USD
Fesenz Trading LimitedNRA802110013823700135HFBACNSD210EUR
Greend International Trading LTDNRA31050101100100000056HFBACNSD210USD
Greend International Trading LTDNRA31050101100100000055HFBACNSD210EUR
Iminai LimitedNRA802110011423700430HFBACNSD210USD
Iminai LimitedNRA802110013823700224HFBACNSD210EUR
Limite International Trading Co., LimitedNRA802110011423700396HFBACNSD210USD
[Limite International Trading Co., Limited]NRA802110013823700180HFBACNSD210EUR
Lingang Machinery And Equipment Co. LimitedNRA802110011423700341HFBACNSD210USD
Lingang Machinery And Equipment Co. LimitedNRA802110013823700144HFBACNSD210EUR
Milaee Trading Co., LimitedNRA802110013823700340HFBACNSD210EUR
Milaee Trading Co., Limited NRA802110011423700573HFBACNSD210USD
Nozomi Internatonal Trading Co. LimitedNRA802110011423700314HFBACNSD210USD
Nozomi Internatonal Trading Co. LimitedNRA802110013823700117HFBACNSD210EUR
Shekufei Inernational Trading Co. LimitedNRA802110013823700322HFBACNSD210EUR
Shekufei Inernational Trading Co. LimitedNRA802110011423700555HFBACNSD210USD
Solipar Trading LimitedNRA802110011423700387HFBACNSD210USD
Solipar Trading LimitedNRA802110013823700171HFBACNSD210EUR
Zintree Internatinal Trading Co. LimitedNRA802110011423700305HFBACNSD210USD
Zintree Internatinal Trading Co. LimitedNRA802110013823700108HFBACNSD210EUR

Huaxia Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Limite International Trading Co., LimitedNRA10471000000619653HXBKCNBJA020USD
Limite International Trading Co., LimitedNRA10471000000619664HXBKCNBJA020EUR
Sino Trade Co., LTDNRA10471000000618785HXBKCNBJ020USD
Sino Trade Co., LTDNRA10471000000618810HXBKCNBJ020EUR

Minsheng Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Chongmingdao International Trading Co.NRA064622MSBCCNBJXXXEUR
Limofar Trading HK LimitedNRA071225MSBCCNBJ0A7EUR
Saigo International Trading Co., LimitedNRA070773MSBCCNBJ0A7EUR
Saigo International Trading Co., LimitedNRA070765MSBCCNBJ0A7USD

Ningbo Commerce Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Moresoleil LimitedNRA1170002498000002BINHCN2NSHAEUR
Noveluck Trading LimitedNRA1170001397000002BINHCN2NSHAEUR
Noveluck Trading LimitedNRA1170001397000001BINHCN2NSHAUSD
Pznfr Trading LimitedNRA1170001120000001BINHCN2NSHAUSD
Pznfr Trading LimitedNRA1170001120000002BINHCN2NSHAEUR

Shengjing Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Saigo International Trading Co., LimitedNRA0880143802000010134SYCBCNBYEUR
Shekufei Inernational Trading Co. LimitedNRA0880143802000009854EUR

Xiamen International Bank Shanghai Branch:

Front Company NameAccount Number or IBANSWIFTCurrency
Calist LimitedNRA8009250000001783IBXHCNBAUSD
Calist LimitedNRA8009250000001791IBXHCNBAEUR
Limofar Trading HK LimitedNRA8087250000000181IBXHCNBAUSD
Limofar Trading HK LimitedNRA8087250000000197IBXHCNBAEUR
Saigo International Trading Co., LimitedNRA8087250000000092IBXHCNBAEUR
Saigo International Trading Co., LimitedNRA8087250000000084IBXHCNBAUSD

Zhejiang Mintai Commercial Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Calist LimitedNRA583985748500020ZJMTCNSHXXXEUR
Calist LimitedNRA583985748500017ZJMTCNSHXXXUSD

Zhejiang Tailong Commercial Bank Co. LTD:

Front Company NameAccount Number or IBANSWIFTCurrency
Calist LimitedNRA31010010201000028971ZJTLCNBHXXXUSD
Calist LimitedNRA31010010201000028989ZJTLCNBHXXXEUR
Saigo International Trading Co., LimitedNRA31010140201000029790ZJTLCNBHXXXEUR

Zheshang Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Pznfr Trading LimitedNRA2900000011420100099145ZJCBCN2NUSD
Pznfr Trading LimitedNRA2900000013820100014917ZJCBCN2NEUR

UAE

Abu Dhabi Islamic Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Berenberg Trading FZEAE490500000000018890327ABDIAEADAED
Berenberg Trading FZEAE220500000000018890328ABDIAEADUSD
Berenberg Trading FZEAE650500000000018890330ABDIAEADEUR
Coburg FZEAE680500000000018931792ABDIAEADAED
Stark Line ConsultancyAE950500000000019006869ABDIAEADUSD
Stark Line ConsultancyAE680500000000019006870ABDIAEADEUR
Stark Line ConsultancyAE250500000000019006868ABDIAEADAED

Ajman Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Point To Point Goods Wholesalers Trd LLCAE640570000011115111018AJMNAEAJAED
Silver Dragon Raw Materials TradingAE290570000011129142019AJMNAEAJAED
Stark Line ConsultancyAE110570000011125525019AJMNAEAJAED
Sygnific Trading LLCAE910570000011125380019AJMNAEAJAED

Bank Misr (UAE Branch):

Front Company NameAccount Number or IBANSWIFTCurrency
Apositif Raw Materials Trading LLCAE590150080309100010551BMISAEAAAED
Apositif Raw Materials Trading LLCAE330150080315200008600BMISAEAAEUR
Apositif Raw Materials Trading LLCAE580150080309200007578BMISAEAAUSD
Dorsten Trading FZEAE830150080309100006918BMISAEAAAED
Dorsten Trading FZEAE900150080309200005062BMISAEAAUSD
Helston Trading LLCAE730150080309100011463BMISAEAAAED
Helston Trading LLCAE510150080309200008286BMISAEAAUSD
Point To Point Goods Wholesalers Trd LLCAE850150080309100006882BMISAEAAAED
Rawbridge Raw Materials Trading LLCAE670150080309100010019BMISAEAAAED
Rawbridge Raw Materials Trading LLCAE440150080309200007248BMISAEAAUSD
Resinkraft Raw MaterialsAE790150080309100009803BMISAEAAAED
Resinkraft Raw MaterialsAE480150080309200007079BMISAEAAUSD
Silver Dragon Raw Materials TradingAE730150080309100009814BMISAEAAAED
Silver Dragon Raw Materials TradingAE960150080309200007088BMISAEAAUSD

Commercial Bank Of Dubai:

Front Company NameAccount Number or IBANSWIFTCurrency
Apositif Raw Materials Trading LLCAE740230000001004390405CBDUAEADAED
Point To Point Goods Wholesalers Trd LLCAE960230000001002435459CBDUAEADAED
Rawbridge Raw Materials Trading LLCAE330230000001004256507CBDUAEADAED
Silver Dragon Raw Materials TradingAE430230000001004256812CBDUAEADAED

Dubai Islamic Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Dorsten Trading FZEAE420240068524202813501DUIBAEADAED
Gusten Trading FZEAE030240068524205242501DUIBAEADAED
Stark Line ConsultancyAE260240097520230560101DUIBAEADAED
Stark Line ConsultancyAE780240097521230560101DUIBAEADEUR

Emirates Islamic Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Argos Global Trading FZEAE810340003708261506201MEBLAEADAED
Argos Global Trading FZEAE540340003708261506202MEBLAEADUSD
Argos Global Trading FZEAE270340003708261506203MEBLAEADEUR
Berenberg Trading FZEAE770340003708288018701MEBLAEADAED
Berenberg Trading FZEAE500340003708288018702MEBLAEADUSD
Berenberg Trading FZEAE230340003708288018703MEBLAEADEUR
Coburg FZEAE860340003708358800603MEBLAEADEUR
Coburg FZEAE860340003708358800602MEBLAEADUSD
Coburg FZEAE430340003708358800601MEBLAEADAED
Extravis Global Management Consultancy LLCAE660340003508248019601MEBLAEADAED
Extravis Global Management Consultancy LLCAE120340003528248019602MEBLAEADUSD
Franconia Trading FZEAE300340003708355937201MEBLAEADAED
Franconia Trading FZEAE030340003708355937202MEBLAEADUSD
Franconia Trading FZEAE730340003708355937203MEBLAEADEUR
Stark Line ConsultancyAE730340003708437391401MEBAEADXXXAED
Sygnific Trading LLCAE690340003708433290701MEBLAEADAED
Sygnific Trading LLCAE420340003708433290702MEBLAEADUSD

Emirates NBD:

Front Company NameAccount Number or IBANSWIFTCurrency
Apositif Raw Materials Trading LLCAE050260001025795273402EBILAEADUSD
Apositif Raw Materials Trading LLCAE940260001015795273401EBILAEADAED
Dorsten Trading FZEAE530260001015627924501EBILAEADAED
Dorsten Trading FZEAE610260001025627924502EBILAEADUSD
Dorsten Trading FZEAE070260001025627924503EBILAEADGBP
Dorsten Trading FZEAE340260001025627924504EBILAEADEUR
Extravis Global Management Consultancy LLC515000000000EBILAEADAED
Extravis Global Management Consultancy LLC515000000000EBILAEADEUR
Extravis Global Management Consultancy LLC515000000000EBILAEADGBP
Extravis Global Management Consultancy LLC515000000000EBILAEADUSD
Rawbridge Raw Materials Trading LLCAE890260001015791338201EBILAEADAED
Rawbridge Raw Materials Trading LLCAE970260001025791338202EBILAEADUSD
Rawbridge Raw Materials Trading LLCAE700260001025791338203EBILAEADEUR
Resinkraft Raw MaterialsAE570260001015791211901EBILAEADAED
Resinkraft Raw MaterialsAE650260001025791211902EBILAEADUSD
Silver Dragon Raw Materials TradingAE700260001015795578801EBILAEADAED
Silver Dragon Raw Materials TradingAE780260001025795578802EBILAEADUSD
Silver Dragon Raw Materials TradingAE510260001025795578803EBILAEADEUR

First Abu Dhabi Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Coburg FZEAE910351191324024689017NBADAEAAAED
Coburg FZEAE850351191324024689028NBADAEAAUSD
Coburg FZEAE790351191324024689039NBADAEAAEUR
Dillenburg International LimitedAE140351191203970674019NBADAEAAAED
Dillenburg International LimitedAE840351191203970674020NBADAEAAUSD
Dillenburg International LimitedAE780351191203970674031NBADAEAAEUR

Habib Bank Ag Zurich:

Front Company NameAccount Number or IBANSWIFTCurrency
Sygnific Trading LLCAE940290795310501009875HBZUAEADXXXAED

National Bank Of Fujairah

Front Company NameAccount Number or IBANSWIFTCurrency
Berenberg Trading FZEAE470380000012001296645NBFUAEAFDXBAED
Berenberg Trading FZEAE250380000012001296653NBFUAEAFDXBUSD

Rak Bank:

Front Company NameAccount Number or IBANSWIFTCurrency
Argos Global Trading FZEAE280400000662654478001NRAKAEAKAED
Argos Global Trading FZEAE980400000662654478002NRAKAEAKUSD
Berenberg Trading FZEAE920400000192666664001NRAKAEAKAED
Resinkraft Raw MaterialsAE750400000352978419001NRAKAEAKAED
Silver Dragon Raw Materials TradingAE060400000352963891001NRAKAEAKAED

To download the full table, click here.