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US Treasury targets A7 network in major sanctions crackdown

The emblem of the U.S. Department of the Treasury
Photo: J. David Ake/Getty Images

FinCEN barred transmittals of funds from Sub-Agents and issued red flags; OFAC designated the network a significant TCO.

An action against the A7 Network – a shadow banking operation with ties to Russia that Iran has used to evade sanctions – was announced by the US Treasury on October 1, 2026. Described as “unprecedented,” the move was presented as part of Operation Economic Outcast.

The action came through two US Treasury bodies.

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