A post by @USTreasury on X.
Today, as part of Operation Economic Outcast, Treasury’s Office of Foreign Assets Control designated eight money services businesses based in Canada that enable the Iranian regime.
@USTreasury on X
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The U.S. Treasury’s Office of Foreign Assets Control designated eight Canada-based money services businesses as part of Operation Economic Outcast for enabling the Iranian regime. Separately, FinCEN issued an order effectively cutting off crypto exchange MEXC Global from the U.S. financial system over at least $16 billion in illicit transactions, including activity tied to Iran sanctions evasion. The twin actions mark a broadening of U.S. enforcement beyond banks and traditional intermediaries to payments firms and offshore crypto venues. MEXC’s dollar-clearing access and its handling of sanctioned flows now become the focal points for traders and counterparties.
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Named in this story
U.S. Treasury Department, MEXC Global, Office of Foreign Assets Control, FinCEN, Iran