The US Treasury sanctions eight Canadian money services firms over Iran-related transactions
The United States government has sanctioned eight Canadian currency-exchange businesses for allegedly facilitating transactions with sanctioned Iranian entities. These sanctions block the firms' assets in the United States and prohibit transactions with US persons. Treasury Secretary Scott Bessent stated that Canada cannot serve as a safe haven for illicit financial facilitators providing sanctions evasion services to the Iranian regime and its proxies.
- The United States government announced sanctions against several Canadian currency-exchange businesses.
- FinCEN said the order prevents US financial institutions from processing fund transfers involving MEXC Global.
Outlets: Al-Monitor, CBC | Top Stories News, Mint, The Jerusalem Post, The New Arab, Times of India (Top), globalnews.ca
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