Treasury Sanctions A7 Shadow-Banking Network

FinCEN Moves Against Its Global Sub-Agents

Posted 10/2/26

The Treasury Department has sanctioned the Russia-linked A7 Network as a significant transnational criminal organization while proposing a separate measure that would bar U.S. financial institutions from transmitting funds involving A7's overseas sub-agents. The coordinated action targets a sprawling alternative payment system that Treasury says has moved billions of dollars for sanctioned Russian customers and has also been used by Iran and other illicit actors. U.S. Department of the Treasury

This item is available in full to subscribers.

Please log in to continue

Log in