U.S. Treasury Sanctions A7 Network and Proposes Payment Restrictions

On October 1, the U.S. Treasury sanctioned the Russia-linked A7 Network, labeling it a transnational criminal organization for allegedly assisting Iran in evading sanctions. Additionally, the Financial Crimes Enforcement Network (FinCEN) has proposed a rule to prohibit U.S. financial institutions from processing payments for sub-agents associated with such entities.