The Jerusalem PostSecurity
US and Canada Target Eight Firms for Aiding Iran's Sanctions Evasion
Summarized from The Jerusalem Post by baba
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The US and Canada have sanctioned eight money service firms for allegedly helping Iran evade sanctions and fund terrorism through digital assets. The firms, based in Ontario and British Columbia, are now cut off from the US dollar system. Separately, virtual currency exchange MEXC Global was also sanctioned for facilitating billions in illicit transactions linked to Iran, North Korea, and Russia.
The story in 5 lines · by baba
- US and Canada sanctioned eight money service firms for aiding Iran's sanctions evasion.
- The firms are accused of helping Iran use digital assets to fund terrorism.
- Sanctions cut the firms off from the US dollar-based financial system and block their assets.
- Designated Canadian firms include Million Exchange, Farah Exchange, and Darvish Exchange.
- Virtual currency exchange MEXC Global also sanctioned for facilitating $16 billion in illicit transactions.
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