# US Treasury sanctions eight Canadian money exchange firms over Iran ties

https://mins.news/en/item/133457

- Al Jazeera, 2026-11-07 04:50 UTC
- World
- Original: https://www.aljazeera.com/economy/2026/11/7/us-treasury-sanctions-eight-canadian-money-exchange-firms-over-iran-ties?traffic_source=rss

> The US Treasury sanctioned eight Canadian currency-exchange businesses, accusing them of helping Iranian entities evade financial restrictions and handling funds linked to an alleged drug-trafficking boss. It said some firms converted Iranian rials and other currencies into digital assets. Canada’s FINTRAC said it worked with the US FinCEN on the measures.

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