The Iron Ring is based in Fort Doom, and has resident agents in all towns in Karameikos. Other agents of the Iron Ring travel across the Grand Duchy, furthering the agenda of the organisation. The Iron Ring has almost no influence on the criminal underworld of Specularum. It operates openly in the Black Eagle Barony, as well as among several goblinoid tribes (especially of Bugbears and Goblins) in the wildernesses of Karameikos. The primary business of the Iron Ring is slavery, espionage and assassination. Goblinoid tribes are employed to help with guarding the prisoners along their route across Karameikos to Fort Doom, where ships are loaded with the new slaves and sent to slave markets. Baron Van Hendricks of the Black Eagle Barony is rumoured to occasionally hire the Iron Ring.