U.S. sanctions eight Canadian financial services firms over alleged Iran ties - National Post
Canada News U.S. sanctions eight Canadian financial services firms over alleged Iran ties Join the conversation Share Close Share this article
Copy URL Facebook Linked In X (Twitter) Loading account options Sign In Manage Account Close account menu Manage Account Sign Out Loading subscription options Subscribefor $0.50/week By Jesse Snyder November 6, 2026 at 7:30 p.m. Last Updated: November 6, 2026 at 8:31 p.m. U.S. authorities on Friday announced sanctions on eight Canadian companies that they alleged had offered financial services to the Iranian regime and its associate entities, thereby helping the country’s leadership evade sanctions and fund terrorism networks.
In a statement, the U.S. Treasury Department said the Canadian companies have helped facilitate transactions on behalf of sanctioned digital asset exchanges or accounts associated with Iran’s Islamic Revolutionary Guard Corps (IRGC). The Canadian financial services companies have helped those entities exchange Iranian rials for digital cryptocurrencies that the country then used to sidestep international economic sanctions, the department said.
“Canada cannot be a safe haven for illicit financial facilitators that provide sanctions evasion services to the Iranian regime and its proxies,” U.S. Treasury Secretary Scott Bessent said in the statement.
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