Treasury Bans Banks from Shady A7 Network's Russia-Iran Money Laundering Pipeline
Published Date: 10/5/2026
Proposed Rule
Summary
FinCEN wants to stop money transfers linked to the A7 Network’s sub-agents, who help shady groups like those tied to Russia and Iran move dirty money. This rule would affect banks and financial institutions by banning certain transactions to fight illegal money flows. Comments on this proposal are open until November 4, 2026, so speak up before then!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Proposed Ban on Transfers Involving A7 Sub-Agents
FinCEN proposes to prohibit certain transmittals of funds involving transactions with any A7 Network Sub-Agent by any covered financial institution (i.e., domestic financial institutions or domestic financial agencies). The proposal is being made under section 9714 of law and is open for written comment through November 4, 2026.
FinCEN Designates A7 Sub-Agent Transactions
FinCEN found that transactions involving any company operating outside the United States that is controlled by the A7 Network (called a "Sub-Agent") are a class of transactions of primary money laundering concern in connection with Russian illicit finance. FinCEN says the A7 Network has created hundreds of Sub-Agents with bank accounts at about 435 financial institutions in at least 83 countries, and that A7 claimed more than 2,000 transactions per day and a historical volume of more than 7.5 trillion rubles (about USD 91.5 billion) as of January 2026.
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Key Dates
Department and Agencies
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