3 publishers · first seen Thu, 05 Nov 2026 17:35 UTC · updated Sat, 07 Nov 2026 11:31 UTC
The US Treasury has sanctioned eight Canadian money services businesses for allegedly aiding the Iranian regime and sanctioned actors by facilitating exchanges between local currencies and digital assets. The November 6 action targets businesses in British Columbia and Ontario, including Million Exchange and Farah Exchange, for enabling conversion of Iranian rials and other currencies into digital assets used for cross-border payments. The sanctions are part of a broader effort to disrupt businesses that provide a bridge from restricted counterparties to otherwise reachable financial channels. Separately, the US Rewards for Justice program has offered a reward of up to $20 million for information on Iran's nuclear program, including its facilities, equipment, and personnel.
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