The Feiz Brothers; A Money Laundering Network from Currency Exchange to Agriculture, Energy, and Sports

The network of companies owned by Seyed Amir Reza Feiz and Seyed Fakhruddin Feiz, alongside the change in the managerial composition of "Feiz Exchange and Partners", has raised questions about the ownership, management, and financial flow of this collection. The information provided about the corporate backgrounds of the two brothers shows that their activities are not limited to an exchange office, and their names appear in a range of technology, trade, energy, and health companies; a structure that requires following the financial and managerial connections between companies to assess its performance.

 Informed sources have revealed that the Feiz brothers and their father had financial collaborations with Reza Zarrab and Babak Zanjani, and venues associated with this family have hosted meetings of several IRGC commanders and banking officials. This source also spoke of the rapid expansion of assets, the purchase of a six-story building in Qeytarieh with a special military security gate, and the activities of this network in Hamrah Jib, Gold Card, Artemis Tower Exchange, Shariati Exchange at the beginning of Mirdamad, and a special office in Park Center. The focus of this narrative is the gap between the starting point of the exchange's activities and the current dimensions of the family's economic network, which has brought immense wealth to the Feiz family over a few years.

 Alongside this narrative, the text of the exchange's changes advertisement provides a clear picture of the capital composition: the managerial seats have been shuffled while the dominant share of the Feiz family remains. This gap between the introduced managers and major partners is the main subject of this network's review.

Company Network; Management Changed, Family Share Remained

According to the provided list of records, Fakhruddin Feiz has chaired the board of directors of "Tejarat Hamrah Jib Parsian", "Shabake Gostaran Novin Pendar Afra", "Green City and Health Group Parsian", "Taban Green Energy Parsian", "Giah Rahavard Caspian", "Varz Iran", and "City of Joy Parsian Zanjan". His name also appears as CEO and board member of "Ava Tech Iranian Technology Development Services" and board member of "Heff Chemical and Industrial Products".

Amir Reza Feiz is also present in several circles of this network: Vice Chairman of the Board of Directors of Tejarat Hamrah Jib Parsian and Varz Iran, and a board member of Green City and Health Group Parsian, Taban Green Energy Parsian, and City of Joy Parsian Zanjan. This recurring composition reveals the managerial link between companies and increases the necessity of examining intra-group transactions, capital sources, and their connection with exchange activities.

This diversity of activities, ranging from energy to digital economy fields and various platforms, clearly shows the intent to shape the activity circle for financial circulation and the possibility of money laundering within some of these collections. An issue that has even reached the realm of football team ownership, where the Feiz brothers also play an active role.

The text of the advertisement for changes in Feiz Exchange and Partners is another side of this story. According to the provided information, on 11 Azar 1402, Nosratollah Golparian was introduced as the CEO of Feiz Exchange and Partners, and Mousa Ansarpour was introduced as a board member. This change is an attempt to reduce the direct presence of the Feiz brothers' names in the official management of the family exchange; while the exchange's title still retains the Feiz name.

 According to this advertisement, Amir Reza Feiz, after transferring one billion rials of partnership shares to Fakhruddin Feiz, owns 199 billion rials of partnership shares. Golparian's share is 50 billion rials, and Fakhruddin Feiz's share is one billion rials. Therefore, the two brothers collectively hold 80 percent of the declared company's capital, but the management of this exchange is entrusted to partners with minimal shares.

This composition directs the demand for answers to other partners: while it must be asked who makes financial decisions, who holds the authority over accounts and contract signatures, and how much independence the introduced managers have? Changing the CEO does not separate the responsibility of explaining the source of capital and the performance of the collection from the majority shareholders.

From Tehran to Dubai; Exchanges at the Center of Money Transfer Networks

The importance of reviewing the Feiz network lies in a broader context: the role of exchanges and intermediary companies in transferring resources from banks, oil exporters, and Iranian government institutions. The U.S. Treasury Department, in a May 1 2026 notice, targeted Opal, Radin exchanges, and the collection owned by Ehsan Taheri for sanctions, accusing them of using a network of cover companies to transfer resources and circumvent sanctions.

In this notice, exchanges are introduced as part of the mechanism for converting oil revenues into usable currencies; a mechanism that uses foreign company accounts to conduct transactions for Iranian clients. Such cases highlight the importance of identifying the real beneficiary: the name of the account holder or company manager does not necessarily explain the entire decision-making path and economic benefit.

The history of restrictions on Iranian exchanges in Dubai also dates back to previous years. IranWire reported in January 2019 that after allegations of financing networks linked to the IRGC, the UAE restricted the activities of some exchanges and revoked licenses. This report mentioned the transfer of activities of several exchangers to Qatar, Oman, and northern Iraq.

In a separate instance, the UAE Central Bank revoked the license of Amda Exchange in December 2025. This regulatory action and the sanctioning of Iranian networks are two different approaches to dealing with financial misconduct.

For the Feiz network, the main demand is the publication of a transparent picture of economic activity: financial statements, related contracts, authorized owners, and the origin of assets. Licensed exchanges and multiple companies must provide clear answers about the flow of money. Seats can be shuffled; the responsibility of the owners remains.