US sanctions Russia's A7 Network, proposes ban on sub-agent payments
The U.S. Treasury sanctioned Russia's A7 financial network as a transnational criminal organization after its sub-agents processed over $17 billion in dollar-denominated transactions between January 2025 and June 2026. FinCEN proposed banning U.S. fund transfers through A7 sub-agents, targeting the network's role in helping sanctioned entities, including Iranian businesses, circumvent sanctions.
