US Treasury Sanctions 8 Canadian Money Services Businesses Over Iran Transactions
The U.S. Treasury Department has imposed sanctions on eight Canadian money services firms that it alleges have facilitated transactions with sanctioned Iranian entities, including cryptocurrency exchanges linked to the Islamic Revolutionary Guard Corps (IRGC). The companies facilitate the exchange of Iranian rials and other currencies for digital assets to enable international transactions involving Iran, the […]
The U.S. Treasury Department has sanctioned eight Canadian money services businesses accused of facilitating transactions with sanctioned Iranian entities. These firms allegedly help exchange Iranian currency for digital assets to enable international transactions involving Iran. U.S. Secretary of the Treasury Scott Bessent stated that Canada will not be a refuge for those aiding the Iranian regime.
- The U.S. Treasury Department has sanctioned eight Canadian money services firms.
- These firms are accused of facilitating transactions with sanctioned Iranian entities.
- The transactions reportedly involve cryptocurrency exchanges linked to the IRGC.
- The companies exchange Iranian currency for digital assets to enable international transactions.
- The U.S. intends to disrupt Iran’s financial channels globally.
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