Shafaq News- Washington
The US Treasury Department on Friday announced sanctionsagainst eight Canadian money services businesses accused of helping Iran evadeUS restrictions through cryptocurrency transactions and international moneytransfers.
The Treasury’s Office of Foreign Assets Control (OFAC) saidthe companies facilitated exchanges of Iranian rials and other currencies intodigital assets, with several conducting transactions involving sanctionedIranian cryptocurrency exchanges and digital asset addresses linked to theIslamic Revolutionary Guard Corps (IRGC).
The sanctions targeted Million Exchange, two companiesoperating as Amin Exchange, NIA Nations Currency, Farah Exchange, CCC Inc, BGalaxy Inc —which operates as Cryptoyal— and Darvish Exchange.
The Treasury also accused several of the businesses oflaundering drug proceeds linked to Canadian former Olympic snowboarder RyanWedding, who was taken into US custody in January 2026. The measures werecoordinated with US and Canadian financial intelligence authorities and theDrug Enforcement Administration (DEA).
Under the sanctions, the companies’ assets subject to USjurisdiction are frozen, and US persons are generally prohibited fromconducting transactions with them.
On October 21, the Treasury Department sanctioned fiveindividuals and four companies and identified nine vessels as blocked property.
Hence then, the article about us sanctions canadian firms over iran cryptocurrency dealings was published today ( ) and is available on SHAFAQ NEWS ( Iraq ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US sanctions Canadian firms over Iran cryptocurrency dealings )
Also on site :
- At 9, Joni Mitchell Contracted Polio; 74 Years Later, the 11-Time Grammy Winner Celebrates Her 83rd Birthday
- ‘Entertainment Tonight’ Hosts Kevin Frazier and Nischelle Turner Named Grand Marshals of 94th Hollywood Christmas Parade
- Tiger Woods and Ex-Wife Elin Nordegren Reunite for Son Charlie’s Major Milestone—and Pose for Rare Family Photo