Back Kharon Filings Reveal Offshore Middleman Networks That Pay for What Iran Buys Abroad
The Iranian customer first pays a local Iranian bank the cost of the goods in local currency.
The Iranian bank connects the Iranian customer with an offshore third-party agent.
The Iranian customer then connects that offshore company with the Chinese supplier.
The Chinese supplier receives payment from the overseas company in RMB or USD.
The bulk of Chenguang’s Iranian trade, according to its disclosures, has gone to Bazargani Refah Zarei Company , an import-services company.
Treasury designated Golden Mist in January for allegedly serving as a “cover company” that paid tens of millions of dollars to the National Iranian Oil Company on behalf of a Hong Kong energy trader.
Guangdong Sohoo, like the other Iran-supplying Chinese firms Kharon identified, has not been targeted by sanctions itself.
Treasury sanctioned Multi Well in 2023 over its alleged role as a front company facilitating the Chinese sales of an Iranian energy conglomerate; it dissolved the following year.
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