Reporting · policy
US sanctions eight Canada-based firms over alleged Iran value transfers
US Treasury sanctions eight Canada-based money services businesses accused of helping move value for Iran, as a same-day FinCEN order restricts MEXC Global.
Quick take
- The US Treasury sanctioned eight Canada-based money services businesses over alleged help moving value for Iran.
- OFAC says some firms converted rials into digital assets, and some transactions link to IRGC-associated wallet addresses.
- A same-day FinCEN order restricts MEXC Global transfers, and both actions fall under Operation Economic Outcast.
NewsBTC reported on an American sanctions action dated November 6 against eight Canada-based firms that allegedly helped move value for Iran. The US Treasury's listing names these money services businesses, and OFAC says the firms converted rials into digital assets.
According to OFAC, some transactions were linked to IRGC-associated wallet addresses, and some of the firms changed names or addresses while they remained active. The official listing includes several Tron addresses. The designations are allegations, and no separate court finding stands behind them.
On the same day, a FinCEN order restricts transfers involving MEXC Global. Both the sanctions and the order are part of Operation Economic Outcast, which the Treasury's action and the FinCEN order share.
The OFAC list, including aliases, serves as the compliance reference for these designations, so the names and aliases it contains are the points of reference for anyone checking against it.
Sources
Machine-written from the publishers’ reports and checked against them · How Dextape writes