The US Treasury Department on Thursday targeted the Russia-linked A7 shadow banking network, accusing Iran of using it to evade sanctions and move funds through the international financial system.
Separately, the Office of Foreign Assets Control (OFAC) sanctioned A7 as a “significant transnational criminal organization,” blocking property and interests in property under US jurisdiction and generally prohibiting transactions involving the designated network.
According to Treasury, A7 built a global network of companies known as sub-agents to disguise payments involving sanctioned sectors and individuals as legitimate commercial transactions.
A7 itself claimed that, as of January 2026, it was processing more than 2,000 transactions a day with a total volume exceeding 7.5 trillion rubles, or about $91.5 billion, equivalent to roughly 13% of Russia’s 2025 foreign trade transactions, according to Treasury.
A7 sub-agents also facilitated Iranian oil sales and weapons procurement, according to Treasury.
Treasury said A7 used falsified trade documents, import and export records and misleading descriptions of goods to make sanctioned or illicit payments appear to be ordinary commercial activity.
Thursday’s measures build on US sanctions imposed on Aug. 14, 2025, against A7-linked entities including A7 LLC and Old Vector LLC.
They also follow an Aug. 31, 2026, alert from Britain’s National Crime Agency detailing A7’s alleged role in sanctions evasion and illicit financial activity involving Russia and Iran.
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