President Trump’s Treasury Department just put eight Canadian money businesses on notice over what federal officials describe as a financial pipeline serving Iran’s regime, its sanctioned partners, and other illicit actors.
The action reaches beyond old-fashioned wire transfers. Treasury says the firms helped exchange Iranian rials and other currencies for digital assets, giving Tehran-linked customers another route into the international financial system.
Treasury announced the designations Friday as part of Operation Economic Outcast:
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.
— Treasury Department (@USTreasury)
[November 6, 2026]
The U.S. Department of the Treasury says the targets are Diverse Trade Inc., 1380079 BC Ltd., Top PC Technician Inc., NIA Nations Currency Ltd., 2397639 Ontario Ltd., CCC Inc., B Galaxy Inc., and Darvish Exchange. The businesses operate under names including Million Exchange, Amin Exchange, Farah Exchange, CryptoYal, and Canada Exchange.
According to Treasury, many of the designated firms transacted with Iranian crypt...