WorldUpdated November 6

U.S. Treasury designates eight Canadian money-services businesses.

Asharq News reported that the U.S. Treasury designated eight Canadian money-services businesses on Nov. 6. Treasury accused the firms of facilitating transactions involving Iran, including exchanging Iranian rials and other currencies for digital assets. It also cited transactions involving sanctioned Iranian exchanges and digital-asset addresses associated with the Islamic Revolutionary Guard Corps (IRGC). These are Treasury’s allegations about the businesses’ conduct, not adjudicated findings. The designations restrict relevant property under U.S. jurisdiction and generally prohibit U.S. persons from transacting with the designated entities, unless authorized or exempt. Separately, the Saudi Press Agency carried an Oct. 26 Saudi statement describing efforts to reduce escalation and encourage dialogue and diplomatic solutions. That statement did not address these U.S. designations.

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Coverage started November 6