On the sixth, the U.S. Treasury’s Workplace of Overseas Property Management (OFAC) designated eight Canadian-based remittance and change companies (MSBs) as sanctioned entities for aiding the Iranian regime in evading sanctions. These companies facilitated the change of currencies, together with the Iranian rial, for cryptocurrencies, enabling worldwide transactions involving Iran.
In line with the Treasury, many of those companies performed transactions with sanctioned Iranian cryptocurrency exchanges and addresses linked to the Islamic Revolutionary Guard Corps (IRGC)….
