US Sanctions Canadian Firms for Aiding Iran's Terror Financing
Translated & summarized from Ynet by baba
The United States has sanctioned eight Canadian companies for allegedly helping Iran and its Revolutionary Guards bypass sanctions and fund terrorism. These firms reportedly transferred significant funds to accounts linked to terrorist groups. Additionally, the U.S. has cut off the crypto exchange MEXC Global from its financial system, citing its involvement in billions of dollars in illicit transactions with entities including Iran.
The story in 5 lines · by baba
- The U.S. sanctioned eight Canadian companies for aiding Iran's terror financing.
- These firms allegedly helped Iran's regime and Revolutionary Guards bypass sanctions.
- Hundreds of thousands of dollars were moved to accounts linked to terror groups.
- MEXC Global was disconnected from the U.S. financial system.
- MEXC Global allegedly facilitated $16 billion in illicit transactions with Iran, Russia, and North Korea.
The United States has imposed sanctions on eight Canadian money and digital currency exchange companies accused of facilitating Iran's efforts to circumvent international sanctions and fund terrorism. According to the U.S. Treasury Department, these firms aided the Iranian regime and the Revolutionary Guards in transferring funds for terror financing. Among the sanctioned companies are "Million Exchange," "Amin Exchange," and "Farah Exchange," which authorities claim moved hundreds of thousands of dollars to digital accounts linked to the Revolutionary Guards and terrorist organizations.
In a related action, Washington announced the disconnection of the international crypto exchange "MEXC Global" from the U.S. financial system. The U.S. alleges that MEXC Global was used for at least $16 billion in illicit transactions, with ties to Iran, Russia, and North Korea.
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