Eight Canadian businesses face US sanctions over alleged financial links to Iran’s sanctioned entities, the Iran’s Islamic Revolutionary Guard Corps and international criminal networks.
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated eight Canadian money services businesses for allegedly facilitating financial transactions involving the Iranian government, sanctioned entities and other illicit actors. Announced under Operation Economic Outcast, the measures target businesses accused of converting Iranian rials and other currencies into digital assets to facilitate cross-border transfers.
According to the Treasury, digital asset addresses…
