US Treasury sanctions eight Canadian money exchange firms over Iran ties
The United States has imposed sanctions on eight Canadian currency-exchange businesses, saying they helped Iranian entities evade financial restrictions and move funds through digital assets. The action was announced on Friday as part of what the Treasury Department called Operation Economic Outcast. The firms are based in Ontario and British Columbia, according to the Treasury.The department said the businesses included Million Exchange, Amin Exchange and Cryptoyal. It said some of the firms converted Iranian rials and other currencies into digital assets such as cryptocurrency, and that some also helped an alleged head of a drug trafficking ring. Treasury Secretary Scott... [Continue Reading]
360LiveNews | 07 Nov 2026 05:29 LONDON
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