U.S. Sanctions A7 Network, Proposes Bank Transfer Restrictions

The U.S. Treasury Department on October 1 designated the A7 Network a significant transnational criminal organization, bringing property under U.S. jurisdiction within blocking requirements. Separately, the Financial Crimes Enforcement Network proposed barring covered U.S. financial institutions from processing transactions involving identified A7 SubAgents. That restriction is not final. The Treasury’s Office of Foreign Assets Control (OFAC) designation is in force. It generally blocks property and interests in property belonging to the designated network that are held in the United States or controlled by U.S. persons, and generally bars U.S. persons from dealing with blocked entities unless authorized. Treasury describes A7 as a Russia-linked financial network that used third-country companies, called SubAgents, to move payments while obscuring who controlled them. FinCEN says A7-linked SubAgents processed more than $17 billion in transactions from January 2025 through June 2026. The agency’s separate reporting identified more than 180 entities that processed at least $179.