Canadian Federal Police announced that in a coordinated operation in two states of Ontario and Quebec, a massive money laundering network has been busted and 17 were arrested, out of which seven were Iranians. Over 300 law enforcement, Security, and Revenue Agency forces were involved in this operation.

According to the police, the network was active in Iran, Lebanon, Emirates, China, Mexico, and the United States. Over $32 million has been seized. Based on the report, some Iranian currency exchange businesses were cooperating with the network.

Canadian police say they have been monitoring this network since 2016. The also announced that they have seized thousands of documents which are being prepared for publication.

Nader Geramian, Tania Geramian, Sahar Shojaei, Mohammad Reza Shaikh Hosseini, and Shabnam Mansouri are among the arrested Iranians.