Why it matters
The sanctions directly affect the named firms’ access to U.S. assets and transactions, including the dollar-based financial system. Canadian authorities coordinated with the U.S. action, according to reporting.
SECURITY & DEFENSE • UNITED STATES AND CANADA
U.S. sanctions eight Canadian firms over alleged Iran-related transactions
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BLUF
The U.S. Treasury has sanctioned eight Canadian money-services firms, alleging they helped Iranian entities evade sanctions. The measures block any U.S.-based assets and prohibit transactions with U.S. persons or entities.
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