US Designates Russia's A7 Network as Transnational Criminal Organization
In briefOFAC has designated the A7 Network a transnational criminal organization, and FinCEN has proposed barring U.S. institutions from any transfer involving its front companies.The proposed rule covers convertible virtual currency, not just fiat.FinCEN says more than 180 entities moved at least $179.1 billion in A7s ruble-backed A7A5 token between February 2025 and June 2026. The U.S. Treasury has moved against the A7 Network, a Russian shadow banking operation it says Iran and the Islamic Revolutionary Guard Corps have used to evade sanctions, with a proposed rule that would cut its front companies off from American finance, including in crypto. The Office of Foreign Assets Control designated the network a significant transnational criminal organization on Thursday, listing it with addresses in Russia, Kyrgyzstan, Nigeria and Zimbabwe. The Financial Crimes Enforcement Network separately proposed prohibiting transfers involving what it calls the networks Sub-Agents, the companies it uses to make sanctioned payments look like ordinary trade. Today, Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions as part of Operation Economic Outcast. Treasurys @FinCENnews proposed a rule that would prohibit transmittals of funds… — Treasury Department (@USTreasury) October 1, 2026 FinCEN is acting









