Verify a decision

{"actor":"system:backfill","investigation_id":"35371e4c-131f-49f5-b615-24f052bf4b63","kind":"publish","page_slug":"nia-nations-currency-ltd","published_at":"2026-11-08T15:26:03.810Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"NIA Nations Currency Ltd","sections":[{"content":"On November 6, 2026, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the designation of eight Canadian money services businesses under Executive Order 13902, as part of 'Operation Economic Outcast'. The action was reportedly coordinated with FinCEN, Canada's FINTRAC and the DEA. NIA Nations Currency Ltd, located in British Columbia, was among those designated. The press release gives no street address. Property of designated persons in the US or under US person control is blocked, entities 50% or more owned by blocked persons are also blocked, and US persons are generally prohibited from dealing with them unless authorized.","heading":"OFAC Sanctions Designation","severity":"critical","sources":[{"credibility":1,"name":"US Treasury press release sb0686","type":"regulatory","url":"https://home.treasury.gov/news/press-releases/sb0686/"}]},{"content":"According to OFAC, NIA Nations advertises digital asset exchange services and the ability to transfer money from Iran to Canada. OFAC alleges that digital asset addresses linked to NIA Nations transacted with addresses associated with Iran's Islamic Revolutionary Guard Corps (IRGC) and with the sanctioned Iranian exchanges Nobitex, Wallex, Ramzinex and Bitpin. The release makes general allegations that the designated businesses exchanged Iranian rials and other currencies for digital assets to enable international transactions involving Iran, and that some laundered drug proceeds linked to Ryan Wedding. The release does not allege a drug-trafficking link for NIA Nations specifically. These are allegations by OFAC; no court findings or a response from the company were found.","heading":"Alleged Iran-Related Crypto Activity","severity":"high","sources":[{"credibility":1,"name":"US Treasury press release sb0686","type":"regulatory","url":"https://home.treasury.gov/news/press-releases/sb0686/"}]},{"content":"A general web search found no independent news coverage or company website for NIA Nations Currency Ltd. The 'NNCE' abbreviation, the ZachXBT Telegram post (t.me/zachxbt/377) and ownership or management details were not verified and are not relied on. No information on the company's registration, principals or user losses was found.","heading":"Limits of Available Information","severity":"low","sources":[{"credibility":1,"name":"US Treasury press release sb0686","type":"regulatory","url":"https://home.treasury.gov/news/press-releases/sb0686/"}]}],"sources_used":[{"credibility":1,"name":"US Treasury press release sb0686","type":"regulatory","url":"https://home.treasury.gov/news/press-releases/sb0686/"}],"summary":"NIA Nations Currency Ltd is a British Columbia, Canada money services business that the US Treasury's OFAC designated on 2026-11-06 as one of eight Canadian MSBs under Executive Order 13902. OFAC alleges its digital asset addresses transacted with addresses linked to Iran's IRGC and with sanctioned Iranian exchanges Nobitex, Wallex, Ramzinex and Bitpin. The name 'NNCE' in the request could not be verified in the primary source.","timeline":[{"date":"2026-11-06","date_evidence":"**Date:** November 6, 2026","event":"OFAC designates NIA Nations Currency Ltd and seven other Canadian money services businesses under E.O. 13902 for alleged Iran-related exchange activity.","source":"US Treasury press release sb0686","source_url":"https://home.treasury.gov/news/press-releases/sb0686/"}]},"v":1}