US sanctions 8 Canadian entities over Iran digital currency conversion
World
The US just hit eight Canadian entities with sanctions, accusing them of helping Iran shift its currency into digital coins.
Some of these firms are also linked to Ryan Wedding, a former Olympian who has been tied to a major drug trafficking case.
Operation Economic Outcast targets Iran funding
This move is part of Operation Economic Outcast, a joint effort between US and Canadian financial watchdogs to cut off Iran from global money flows.
It comes at a tense time for U.S.-Canada relations, with trade disputes and questions about Canada's financial oversight in the mix.
The message from Scott Bessent: Canada should not be a safe zone for shady financial deals.