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U.S. Treasury
2026-10-02 11:28:41

U.S. designates Russia-linked A7 Network as transnational criminal organization, targets crypto and fiat flows

The U.S. Treasury has escalated action against the A7 Network, a Russia-linked shadow banking operation that officials say was used by Iran and the Islamic Revolutionary Guard Corps to evade sanctions. The Office of Foreign Assets Control designated the network a significant transnational criminal organization, while the Financial Crimes Enforcement Network proposed a rule that would block transfers involving the network’s so-called Sub-Agents. Treasury said the measure would reach both fiat and crypto activity. According to FinCEN, the network relies on A7A5, a ruble-backed token issued by Kyrgyzstan-registered Old Vector and active on Tron and Ethereum, alongside a sprawling web of companies and bank accounts that make sanctioned payments appear to be ordinary trade. The agency said more than 180 entities processed at least $179.1 billion in A7A5 from February 2025 to June 2026, while the network’s fiat side moved more than $17 billion through accounts at about 435 financial institutions across at least 83 countries. Treasury also linked parts of the network to Iran’s shadow tanker fleet, the sanctioned Iranian exchange Nobitex, and laundering tied to North Korean exchange hacks. The proposed rule would affect roughly 348,000 institutions, including crypto exchanges, and the public comment period will close 30 days after publication in the Federal Register.

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U.S. designates Russia-linked A7 Network as transnational criminal organization, targets crypto and fiat flows
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