SanctionsAl Jazeera
US Treasury sanctions eight Canadian money exchange firms over Iran ties
Al Jazeera11/7/2026
Economy | US-Israel war on Iran US Treasury sanctions eight Canadian money exchange firms over Iran ties US Treasury claims firms helped sanctioned Iranian entities and handled funds linked to alleged drug trafficking boss. The US Department of the Treasury announced the measures on Friday as part of what it calls “ Operation Economic Outcast “. The Treasury said some of the businesses also laundered their proceeds by converting Iranian rials and other currencies into digital assets such as cryptocurrency, adding that some of the businesses helped an alleged head of a drug trafficking ring.
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