Formed by the Islamic Revolutionary Guard Corps (IRGC) to structure IRGC investments.

Controlled by the IRGC; the nine-member Board of Trustees is comprised of the IRGC Commander in Chief (chairman), Supreme Leader's representative to the IRGC, Basij commander, IRGC Ground Forces commander, IRGC Air Force commander, IRGC Navy commander, head of the IRGC Information Security Organization, a senior IRGC officer from the Armed Forces General Staff, and a senior IRGC officer from the Ministry of Defense and Armed Forces Logistics (MODAFL).

Formed Ansar Bank and Mehr Bank; reportedly wholly-owns Kesht va Sanaat Shadab Khorasan, Khadamat Havai Pars, and Maede; other subsidiaries reportedly include the Tawse'e-ye E'temad and the Shahriar-e Mehestan investment companies; reportedly owns equity stakes in Bahman Group (45%) and Kermanshah Petrochemical Plant (25%); reportedly affiliated with the Sabrin Horizon Development Engineering Company, which reportedly imports satellite jamming devices.

Executive Director, Parviz Fattah, was also added to OFAC's SDN List on December 21, 2010; deputy director is reportedly Mehrdad Bazrpash; established in 1986.

Sanctions

Listed by the European Union on May 23, 2011 as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; with some exceptions, EU member states must freeze assets owned or controlled by the entity, directly or indirectly, and prevent assets from being made available to it.

On December 21, 2010, added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States; also designated pursuant to Executive Order 13224, which targets terrorists and those providing support to terrorists or acts of terrorism.

Sanctioned by the governments of Australia and Canada, restricting business and financial transactions with the entity and/or freezing its assets in those countries.