Afghanistan, Nov. 7 -- The United States has imposed sanctions on eight Canadian financial services companies accused of helping Iran bypass US sanctions by facilitating transactions with blacklisted Iranian entities and transferring funds through digital assets.
Reuters reported on Saturday, November 7, that the US Treasury Department announced the measures on Friday, November 6, targeting businesses operating in Ontario and British Columbia. The sanctions are part of Washington's broader campaign to restrict Iran's access to international financial networks and disrupt channels used to move money across borders.
The Treasury said the companies facilitated currency exchanges involving Iranian rials and other currencies, including convers...