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US Sanctions Canadian Firms for Aiding Iran's Terror Financing
The United States has sanctioned eight Canadian companies for allegedly helping Iran transfer funds for terrorism and circumvent sanctions. The U.S. Treasury Department stated these firms moved money to accounts linked to Iran's Revolutionary Guards and terrorist organizations.
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What happened
- 01Eight Canadian companies were sanctioned by the U.S. for aiding Iran's terror financing.
- 02The firms allegedly helped Iran's Revolutionary Guards circumvent sanctions and transfer funds.
- 03Million Exchange, Amin Exchange, and Farah Exchange are among the sanctioned companies.
- 04MEXC Global was disconnected from the U.S. financial system for illicit transactions.
- 05MEXC Global allegedly processed at least $16 billion in illegal transactions.
Additionally, the cryptocurrency exchange MEXC Global was disconnected from the U.S. financial system for allegedly processing billions in illegal transactions for Iran, Russia, and North Korea.
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