{
  "id": 18579930,
  "title": "U.S. Treasury sanctions Canadian firms connected to Ryan Wedding",
  "url": "https://urgent.news/2026/11/06/u-s-treasury-sanctions-canadian-firms-connected-to-ryan-wedding",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T22:18:35.000Z",
  "source": {
    "name": "CityNews",
    "slug": "citynews",
    "url": "https://toronto.citynews.ca/2026/11/06/u-s-treasury-sanctions-canadian-firms-connected-to-ryan-wedding/"
  },
  "original_language": "en",
  "account": "The United States Treasury Department has imposed sanctions on eight Canadian businesses, citing their alleged role in evading sanctions against Iran. The targeted entities are primarily money services businesses located in British Columbia and Ontario. This action was taken in collaboration with Canada's Financial Transactions and Reports Analysis Centre (FINTRAC), which is the country's anti-money laundering watchdog.\n\nAmong those sanctioned, several entities are also linked to Ryan Wedding, an individual widely known for his alleged involvement in drug trafficking and his previous status as a Canadian Olympic snowboarder. The U.S. Treasury specifically singles out several companies based in Ontario and British Columbia, including Million Exchange, NIA Nations Currency, Farah Exchange, and Darvish Exchange, as well as several other numbered companies.\n\nThe Treasury alleges that these Canadian businesses provided services that facilitated the laundering of millions of dollars in drug-related proceeds through the transfer of digital assets. This illicit activity allegedly took place prior to Ryan Wedding's arrest in January. Treasury Secretary Scott Bessent expressed strong disapproval in a press release, asserting that Canada cannot serve as a safe haven for activities aimed at evading sanctions and financing the Iranian government.",
  "summary": "OTTAWA — The United States Treasury Department has slapped sanctions on eight Canadian businesses for allegedly helping to evade sanctions on Iran's government.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "The Block",
        "title": "Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia",
        "url": "https://urgent.news/2026/11/06/treasury-cuts-off-mexc-global-over-alleged-16-billion-in-transactions",
        "published": "2026-11-06T21:02:30.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "US Treasury sanctions Canadian money services firms over Iran-related transactions",
        "url": "https://urgent.news/2026/11/06/us-treasury-sanctions-canadian-money-services-firms-over-iran-related",
        "published": "2026-11-06T21:46:27.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "US Treasury cracks down on Iran-linked money networks, sanctions Canadian firms",
        "url": "https://urgent.news/2026/11/06/us-treasury-cracks-down-on-iran-linked-money-networks-sanctions",
        "published": "2026-11-06T21:49:33.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "U.S. Treasury sanctions Canadian firms connected to Ryan Wedding",
        "url": "https://urgent.news/2026/11/06/u-s-treasury-sanctions-canadian-firms-connected-to-ryan-wedding-18580922",
        "published": "2026-11-06T22:18:35.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "US Treasury sanctions Canadian money services firms over Iran-related transactions",
        "url": "https://urgent.news/2026/11/06/us-treasury-sanctions-canadian-money-services-firms-over-iran-related-18585899",
        "published": "2026-11-06T22:48:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}