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US Treasury sanctions Canadian money services firms over Iran-related transactions

WASHINGTON, Nov 6 (Reuters) – The US Treasury said on Friday that it had imposed financial sanctions on eight money services firms based in Canada that it alleges have facilitated transactions with sanctioned Iranian entities.

The sanctions effectively cut the firms off from the dollar-based financial system, blocking any assets that the firms may have in the United States and prohibiting any transactions with US persons or entities.

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