publication

US OFAC designates eight Canada-based money-services businesses over alleged Iran-linked finance

The US Treasury announced on 6 November 2026 that OFAC designated eight Canada-based money services businesses under Executive Order 13902, citing alleged dealings with sanctioned Iran-linked actors. This is an actual US designation action, distinct in authority and target entities from the FinCEN order affecting MEXC Global. Treasury allegations are not equivalent to Canadian criminal convictions, Canadian sanctions or independently adjudicated wrongdoing.