The recent data leak from Amin Exchange Househas revealed exposes extensive money laundering operations spanning multiple jurisdictions - notably in the UAE and Turkiye.

As the first (and only) exchange house to be exposed twice on WikIran, this article not only uncovers new UAE-based front companies linked to Amin Exchange, but also provides a detailed comparative analysis of those entities against previously documented cases. The analysis highlights recurring patterns in the use of front companies, banking infrastructure and branding – evidence of systematic, long-term strategy to evade sanctions and obscure illicit financial flows.

The table below lists #WikIranVerified new front companies operating in the UAE and Turkiye, identified in the recent Amin Exchange data leak:

Many of the front companies in this article have already been exposed here on WikIran in the past, as can be seen in the following table:

One front company stands out due to its suspiciously close resemblance to Amin Exchange: Blue Gate General Trading LLC.

Upon comparing official documents of “Blue Gate” and “Amin Exchange” we found many things in common:

• The logo of Blue Gate is an exact copy of amin exchange's branding.

• The signature blue sky header used in Blue Gate's invoices and contracts matches Amin Exchanges' design.

• Most tellingly, Blue Gate's email address is: [email protected] – a clear indication of affiliation.

This is not a coincidence. It suggests direct coordination between Amin Exchange and its front companies, using identical digital assets to maintain operational continuity and credibility.

The repeated data leaks from Amin Exchange confirm that, despite its widespread use among Iranian exporters and importers, the exchange house remains a compromised and breached entity, posing significant risks to its clients. Furthermore, the use of Amin’s front companies inherently exposes non-Iranian banks to unintended involvement in sanctions-evading schemes, as well as the financing of the Islamic Regime and its malign projects. The full set of documents supporting the use of these front companies is available for download here.