Iran-related Designations

Treasury Press Release: Operation Economic Outcast Sanctions Eight Canadian Money Services Businesses Enabling Iranian Regime

State Press Release: U.S. Sanctions Cripple Financial Networks Sustaining the Iranian Regime

Additions:

The following entities have been added to OFAC’s SDN List:

OFAC Program: IRAN-EO13902  Executive Order 13902

1380079 BC LTD

• AKA:
  • AMIN EXCHANGE VANCOUVER
  • SARAFI AMIN
• Address:
  • 104-1700 Marine Drive, North Vancouver, British Columbia V7P 2Z8, Canada
  • Montreal, Quebec, Canada
• Website: aminexchange.ca
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 26 Sep 2022
• Organization Type: Other monetary intermediation
• Digital Currency Address – TRX: TLyRLCNwBhaXkYak1bTFUYTj72crbgN5Vy
• Alt. Digital Currency Address – TRX: THauYJJEaFGLpEknoKnYmXmT5TCeQGKjDE
• Alt. Digital Currency Address – TRX: TJT3JZKJWVHVkKRKSmWmg5UYHhAqBM7mfP
• Business Registration Number: 700268402 (Canada)
• Registration Number: BC1380079 (Canada)
• MSB Registration Number: M23258996 (Canada)

Supplemental Information: Described by Treasury as a British Columbia-based money services business doing business as Amin Exchange that facilitates currency transfers between Iran and Canada and the purchase and sale of digital assets. Digital asset addresses associated with Amin Exchange received hundreds of thousands of dollars from Shelbit, and Amin Exchange has laundered millions of dollars in drug proceeds in Toronto, Vancouver and Montreal, including, at its Vancouver location, for narcotrafficker Ryan Wedding, converting cash into digital assets that Wedding directed be sent abroad. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

2397639 ONTARIO LTD

• AKA: FARAH EXCHANGE
• Address: 6039 Yonge St, North York, Ontario M2M 3W2, Canada
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 27 Nov 2013
• Organization Type: Other monetary intermediation
• Digital Currency Address – TRX: TW5NEaaoPHXC1rt5PaYgG474gQ49oiZ2F5
• Registration Number: 2397639 (Canada)
• MSB Registration Number: M19648033 (Canada)

Supplemental Information: Described by Treasury as doing business as Farah Exchange, which advertises itself as an Iranian exchange operating in Canada offering foreign exchange and digital assets. A digital asset address associated with Farah Exchange conducted hundreds of thousands of dollars’ worth of transactions with the sanctioned Iran-related exchanges Shelbit and Wallex, and it also sent thousands of dollars in digital assets to addresses associated with terrorism and millions of dollars to addresses associated with Ryan Wedding. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

B GALAXY INC

• AKA:
  • C EXCHANEG
  • CRYPTOYAL
  • “C EXCHANGE”
• Address:
  • 6118 Yonge Street, Unit B, North York, Ontario M2M 3W7, Canada
  • 3118 Yonge Street, Unit B, North York, Ontario M2M 3W7, Canada
  • 7181 Yonge Street, Unit 4, Thornhill, Ontario L3T 0C7, Canada
• Website: cryptoyal.net
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 13 Aug 2019
• Organization Type: Other monetary intermediation
• Registration Number: 2711268 (Canada)
• MSB Registration Number: N300001022 (Canada)

Supplemental Information: Described by Treasury as one of two Ontario companies, with CCC Inc, that operate in the same location and provide currency exchange and digital asset exchange services. Doing business as Cryptoyal, it advertises unlimited amounts of digital assets in exchange for Iranian currencies. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

CCC INC

• AKA:
  • CCURRENCY EXCHANGE
  • CRYPTOYAL
  • SARAFI C
  • “C EXCHANGE”
  • “PARSIS EXCHANGE”
  • “SALAM EXCHANGE”
  • “SARAFI CAPITAL”
• Address: 6118 Yonge Street, Unit B, North York, Ontario M2M 3W7, Canada
• Website: sarafic.com
• Alt. Website: cryptoyal.net
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 22 May 2020
• Organization Type: Other monetary intermediation
• Digital Currency Address – TRX: TCreRMzGspdHNEkqkasejS6xTzqXNkYJJZ
• Registration Number: 2756992 (Canada)
• MSB Registration Number: N300000785 (Canada)

Supplemental Information: Described by Treasury as one of two Ontario companies, with B Galaxy Inc, that operate in the same location and provide currency exchange and digital asset exchange services. A CCC Inc website offers the buying and selling of digital currencies and indicates it is licensed in Iran and Canada, and a digital asset address associated with CCC Inc received hundreds of thousands of dollars in digital assets from addresses associated with terrorism. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

DARVISH EXCHANGE

• AKA:
  • KANATA MD INC
  • “CANADA EXCHANGE”
• Address:
  • 10144 Yonge Street, Richmond Hill, Ontario L4C 1T6, Canada
  • 6093 Yonge Street, North York, Ontario M2M 3W2, Canada
• Website: darvishexchange.com
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 03 May 2022
• Organization Type: Other monetary intermediation
• Business Registration Number: 729493502 (Canada)
• Registration Number: 1400801-4 (Canada)
• MSB Registration Number: N300000169 (Canada)

Supplemental Information: Described by Treasury, which spells the name “Darvish Exchange” as OFAC does, as an Ontario-based money services business that advertises the ability to exchange Bitcoin for Iranian rials. A digital asset address associated with it has transacted with the sanctioned Iranian exchanges Nobitex, Wallex, Aban Tether Exchange and Shelbit. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

DIVERSE TRADE INC

• AKA:
  • MILLION EXCHANGE
  • MILLION MONEY EXCHANGE
  • MILLIONEX
• Address:
  • 2-10097 Yonge St, Richmond Hill, Ontario L4C 1T7, Canada
  • 65 Wellesley Street East, Unit 200, Toronto, Ontario M4Y 1G7, Canada
  • 1405 Blvd De Maisonneuve Ouest, Montreal, Quebec H3G 1M6, Canada
• Website: millionex.ca
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 07 May 2018
• Organization Type: Other monetary intermediation
• Digital Currency Address – TRX: TJHZswisiMgjioAVpmpMSWXCeQGCPjcTMK
• Business Registration Number: 755878287 (Canada)
• Registration Number: 2634119 (Canada)
• MSB Registration Number: M19315656 (Canada)

Supplemental Information: Described by Treasury as an Ontario-based money services business doing business as Million Exchange, which advertises the ability to exchange Iranian rials for other currencies and the management of digital assets for customers. Digital asset addresses associated with Million Exchange have sent the equivalent of hundreds of thousands of dollars to addresses associated with the IRGC or other terrorism-related addresses. It has also laundered drug proceeds by using drug-sale cash to purchase digital assets to send back to drug dealers, a method Ryan Wedding used, including directing certain digital assets abroad. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

NIA NATIONS CURRENCY LTD

• AKA:
  • NIA EXCHANGE
  • NIA NATIONS CURRENCY EXCHANGE
  • NIA NATIONS EXCHANGE
• Address:
  • 806 W Hastings St, Vancouver, British Columbia V6C 3L3, Canada
  • 2-987 Marine Dr, North Vancouver, British Columbia V7P 1S4, Canada
  • 905-158 13th St W, North Vancouver, British Columbia V7M 0A7, Canada
• Website: nnce.ca
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 09 Oct 2019
• Organization Type: Other monetary intermediation
• Business Registration Number: 766820930 (Canada)
• Registration Number: BC1226308 (Canada)
• MSB Registration Number: M21153461 (Canada)

Supplemental Information: Described by Treasury as a British Columbia-based money services business that advertises digital asset exchange services and the ability to transfer money from Iran to Canada. Digital asset addresses associated with it have transacted with addresses associated with the IRGC and with the sanctioned Iranian cryptocurrency exchanges Nobitex, Wallex, Ramzinex and Bitpin. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.

TOP PC TECHNICIAN INC

• AKA:
  • 2840711 ONTARIO INC
  • AMIN EXCHANGE TORONTO
  • AMINEX TORONTO
• Address:
  • A1-6174 Yonge Street, North York, Ontario M2M 3X1, Canada
  • 7181 Yonge St, Unit 164, Thornhill, Ontario L3T 0C7, Canada
• Secondary sanctions risk: See Section 2 of E.O. 13902
• Organization Established Date: 17 May 2021
• Organization Type: Other monetary intermediation
• Registration Number: 2840711 (Canada)
• MSB Registration Number: M21487848 (Canada)

Supplemental Information: Described by Treasury as a closely associated affiliate of 1380079 BC Limited that operates in Ontario as a money services business, also doing business as Amin Exchange. Designated pursuant to E.O. 13902 for operating in the digital asset sector of the Iranian economy.