The US Treasury imposed financial sanctions on eight Canadian money-service companies accused of doing business with sanctioned Iranian entities. The companies allegedly facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions. The measures aim to isolate them from the dollar-based financial system and form part of the Treasury’s campaign against networks using digital assets to finance the Iranian regime. Separately, the US Rewards for Justice program offered up to $20 million and possible relocation for information about Iran’s nuclear program, including its facilities, equipment and personnel.
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