US sanctions Canadian money-exchange firms over Iran ties

US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program.

The US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned ‌Iranian entities.

These companies facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions, a US Treasury Department statement said on Friday.

The sanctions, which serve to isolate the companies from the dollar-based financial system, are the latest in a series of Treasury moves against firms outside the US.

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