{
  "id": 18699156,
  "title": "US sanctions Canadian money-exchange firms over Iran ties",
  "url": "https://urgent.news/2026/11/07/us-sanctions-canadian-money-exchange-firms-over-iran-ties",
  "topic": "world",
  "section": "World",
  "published": "2026-11-07T11:10:47.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/us-sanctions-canadian-money-exchange-firms-over-iran-ties"
  },
  "original_language": "en",
  "account": "The U.S. Department of the Treasury has imposed financial sanctions on eight Canadian money-service companies for allegedly engaging in transactions with sanctioned Iranian entities. These firms facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions, according to a statement from the Treasury on Friday. The sanctions aim to isolate these companies from the dollar-based financial system, as they facilitated transactions with sanctioned Iranian digital asset exchanges and addresses associated with Iran’s Islamic Revolutionary Guard Corps (IRGC).\n\nSecretary of the Treasury Scott Bessent stated that Canada cannot serve as a safe haven for illicit financial facilitators providing services to the Iranian regime and its proxies. The U.S. has offered up to $20 million and potential relocation to anyone with information about Iran’s nuclear program, including its facilities, equipment, and personnel. This action is part of the Treasury's campaign to disrupt the regime's exploitation of digital assets for funding terrorism, human rights abuses, and attacks on U.S. personnel and allies. The sanctions were coordinated with Canada’s financial intelligence unit, FINTRAC. Some of the targeted entities have attempted to evade detection by changing their names and addresses.",
  "summary": "US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program.",
  "key_points": [
    "U.S. imposes sanctions on eight Canadian money-exchange firms",
    "Firms linked to transactions with sanctioned Iranian entities",
    "Sanctions aim to isolate firms from dollar-based financial system"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}