US Treasury sanctions eight Canadian money exchange firms over Iran ties
Al Jazeera ·
US Treasury claims firms helped sanctioned Iranian entities and handled funds linked to alleged drug trafficking boss.
US Treasury sanctions eight Canadian money exchange firms over Iran ties
US Treasury claims firms helped sanctioned Iranian entities and handled funds linked to alleged drug trafficking boss.
3 sources · 3 articles · updated 2026-11-07 04:50 UTC · business
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US Treasury sanctions Canadian money services firms over Iran-related transactions
The Economic Times ·
US Treasury imposed financial sanctions on eight Canadian money services firms involved with sanctioned Iranian entities. The sanctions block access to dollar-based financial systems and prohibit transactions with US persons. Secretary of the Treasury Scott Bessent stated that Canada cannot provide safe havens for illicit financial facilitators. Additionally, MEXC Global, a virtual currency exchanger, was cut off from the US financial system.
U.S. sanctions eight Canadian financial services firms over alleged Iran ties
National Post ·
Treasury Department says the Canadian companies helped the IRGC and its affiliates exchange Iranian rials and other currencies for crypto assets