The Daily Delta - Canadian AML & Financial Crime News
August 21, 2026
Featured
Vancouver Sun
The Vancouver Sun reports that a North Vancouver currency exchange specializing in Canada-Iran transfers has halted transactions, with Apadana Currency Exchange owner Hamidreza Karimi saying roughly 200 to 300 customers are owed a combined $4 million to $5 million. Karimi attributed the shortfall partly to funds becoming inaccessible through a Dubai-based partner, while North Vancouver RCMP have confirmed they are investigating a fraud complaint. The article also raises regulatory questions: despite Karimi saying the business was registered with FINTRAC, the outlet could not locate Apadana Currency Exchange or its North Vancouver address in FINTRAC’s MSB registry.
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