How Better Payment Details Help Banks Screen Crypto Exposure
By PYMNTS
AI summary of the source article
The U.S. Treasury Department sanctioned eight Canadian currency dealers on Nov. 6, targeting entities that move money for sanctioned cryptocurrency exchanges. The targeted dealers had transacted with Iranian exchanges that were sanctioned in June and August.
Key facts
- The U.S. Treasury Department sanctioned eight Canadian currency dealers on Friday (Nov. 6).
- Many of the sanctioned Canadian dealers had transacted with Iranian cryptocurrency exchanges.
- The Treasury Department previously sanctioned Iranian exchanges in June and August.
Source excerpt · PYMNTS
Authorities in the United States are targeting the firms that move money for sanctioned cryptocurrency exchanges. After sanctioning Iranian exchanges in June and August, the Treasury Department on Friday (Nov. 6) sanctioned eight Canadian currency dealers, many of which had transacted with those exchanges, according to a press release. In a separate action Friday, the […] The post How Better Payme…