WASHINGTON—Today, as part of Operation Economic Outcast, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight money services businesses based in Canada that enable the Iranian regime, sanctioned entities associated with the regime, and other illicit actors that move assets into and out of Iran. These companies facilitate the exchange of Iranian rials and other currencies for digital assets to enable international transactions involving Iran. Many of these businesses have facilitated transactions with sanctioned Iranian digital asset exchanges, as well as with digital asset addresses associated with Iran’s Islamic Revolutionary Guard Corps (IRGC).
“Canada cannot be a safe haven for illicit financial facilitators that provide sanctions evasion services to the Iranian regime and its proxies,” said Secretary of the Treasury Scott Bessent. “Treasury will pursue and disrupt the Iranian regime’s financial channels anywhere in the world.”
Carney wants Canada balkanized by mass immigration so a united front cannot be mounted against his pals China, Iran, India and the drug cartels.
