A7 Network sub-agents sanctioned, deemed money laundering concern by US
( October 1, 2026, 22:06 GMT | Official Statement) -- MLex Summary: Under Operation Economic Outcast, the US Treasury Department took action against the A7 Network, a shadow banking network with ties to Russia used by Iran to evade sanctions. Treasury's Office of Foreign Assets Control sanctioned the A7 Network as a significant transnational criminal organization and the Financial Crimes Enforcement Network proposed a rule that would prohibit transmittals of funds regarding transactions involving the A7 Network’s Sub-Agents.Statement follows below. Documents attached....
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