Current outcome
The US Treasury has sanctioned Russia-linked shadow banking network A7 Network and its A7A5 token, designating A7 as a significant transnational criminal organization; FinCEN proposed barring covered financial institutions from transfers involving A7 sub-agents/front companies, including convertible virtual currency, and estimated more than 180 entities processed at least $179.1 billion in A7A5.
Progress timeline
3 material updates- #01
US Treasury Sanctions Russian Shadow Banking Network A7 Network Over $17 Billion
The US Treasury sanctioned Russia-linked shadow banking network A7 Network and its ruble-backed A7A5 token, citing over $17 billion in transfers and sanctions evasion, while FinCEN proposed restricting transfers through its correspondent network and issued a risk advisory.
Source evidence: wublockchainenglish
- #02
US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The US Treasury designated A7 Network as a significant transnational criminal organization, expanding blocking sanctions from individual companies to the broader payment network, while FinCEN proposed barring covered financial institutions from transmitting funds involving identified A7 sub-agents.
State after update: The US Treasury has sanctioned Russia-linked shadow banking network A7 Network and its ruble-backed A7A5 token, designating A7 as a significant transnational criminal organization; FinCEN proposed barring covered financial institutions from transfers involving A7 sub-agents and issued a risk advisory. The network allegedly moved over $17 billion via A7A5, USDT and intermediaries.
Source evidence: CryptoSlate
- #03
US Designates Russia's A7 Network as Transnational Criminal Organization
Decrypt added FinCEN detail estimating that more than 180 entities processed at least $179.1 billion in A7A5 between February 2025 and June 2026; the proposed rule covers convertible virtual currency and uses the sixth special measure under Section 9714 of the Combating Russian Money Laundering Act, binding roughly 348,000 institutions.
State after update: The US Treasury has sanctioned Russia-linked shadow banking network A7 Network and its A7A5 token, designating A7 as a significant transnational criminal organization; FinCEN proposed barring covered financial institutions from transfers involving A7 sub-agents/front companies, including convertible virtual currency, and estimated more than 180 entities processed at least $179.1 billion in A7A5.
Source evidence: Decrypt