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The US Treasury Department issued an announcement on the 6th saying that its Office of Foreign Assets Control has imposed sanctions on eight financial services companies in Canada to increase pressure on Iran's economy. The US Treasury Department accuses these companies of helping the Iranian government, sanctioned entities linked to the Iranian government, etc. to transfer assets to or from Iran. According to the US Treasury Department, these companies facilitate exchanges between Iranian riyals and other currencies and digital assets, thereby supporting Iran's participation in international trade. According to the announcement, the property and rights of these 8 companies located in the US and owned and controlled by individuals or entities in the US will be frozen. Entities that directly or indirectly hold 50% or more of these 8 companies' interests will also be frozen. Unless authorized or exempted, US individuals and entities are prohibited from engaging in transactions linked to sanctioned targets, as well as related transactions within the United States.
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The US Treasury Department issued an announcement on the 6th saying that its Office of Foreign Assets Control has imposed sanctions on eight financial services companies in Canada to increase pressure on Iran's economy. The US Treasury Department accuses these companies of helping the Iranian government, sanctioned entities linked to the Iranian government, etc. to transfer assets to or from Iran. According to the US Treasury Department, these companies facilitate exchanges between Iranian riyals and other currencies and digital assets, thereby supporting Iran's participation in international trade. According to the announcement, the property and rights of these 8 companies located in the US and owned and controlled by individuals or entities in the US will be frozen. Entities that directly or indirectly hold 50% or more of these 8 companies' interests will also be frozen. Unless authorized or exempted, US individuals and entities are prohibited from engaging in transactions linked to sanctioned targets, as well as related transactions within the United States.
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