The US Treasury Department sanctioned the Russian payment network A7 on October 1, 2026, accusing it of helping Iran evade international sanctions by facilitating covert oil sales and weapons procurement. Treasury links A7 to Iran’s Islamic Revolutionary Guard Corps, its central bank, and proxy groups including Hamas. A single A7 sub-agent alone was tied to transactions totaling nearly $140 million. A7 denies any connection to Iran or terrorist organizations, positioning itself as a trade settlement service for legitimate Russian businesses. FinCEN has proposed rules that would bar US financial institutions from processing transactions involving A7’s sub-agents, with particular attention to convertible virtual currency.
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