US Treasury Targets Russian A7 Network in Major Sanctions Move
- The Office of Foreign Assets Control (OFAC) has labeled the A7 Network a transnational criminal organization.
- FinCEN proposes barring U.S. financial institutions from transactions involving A7’s front companies, affecting both fiat and convertible virtual currency.
- Over $179.1 billion was moved in ruble-backed A7A5 tokens by more than 180 entities between February 2025 and June 2026.
- A7 Network is linked to Iran’s sanctions evasion efforts, with ties to the Islamic Revolutionary Guard Corps.
- The network operates through a mirror system using Ethereum and Tron, with deposits held at Russia’s Promsvyazbank.
The U.S. Treasury has taken decisive action against the A7 Network, a Russian shadow banking operation used by Iran to evade sanctions, by proposing a rule that would cut off its front companies from American financial systems, including crypto exchanges. This move aims to disrupt the network’s ability to facilitate illicit transactions across global markets.
By designating the A7 Network as a transnational criminal organization and proposing restrictions on its financial activities, the U.S. aims to curb significant illicit financial flows amounting to over $179 billion through various channels worldwide.(Source)
