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US sanctions Iran traders
The U.S. Treasury Department imposed sanctions on eight Canadian-based financial services companies, accusing them of facilitating transactions with sanctioned Iranian entities. The sanctions cut the companies off from the dollar-based financial system, freeze any assets they may have in the United States, and prohibit them from doing business with U.S. persons or entities. The department also ordered Seychelles-registered Mixsea Global removed from the U.S. financial system, saying it had facilitated illicit transactions linked to Iran, North Korea and Russia worth at least $16 billion.
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