ME News reports that on October 2 (UTC+8), the U.S. Department of the Treasury targeted the A7 Network. The Office of Foreign Assets Control (OFAC) designated the A7 Network as a significant transnational criminal organization and imposed sanctions. The A7 Network is a shadow banking system linked to Russia, utilized by the Iranian regime to evade sanctions. Investigations by the U.S. Financial Crimes Enforcement Network (FinCEN) found that between January 2025 and June 2026, subordinate agents of the A7 Network processed over $17 billion globally. Additionally, the A7 Network is associated with Nobitex, Iran’s largest digital asset exchange, which was added to OFAC’s sanctions list on June 2, 2026. The A7 Network also facilitated North Korean cyberattacks on cryptocurrency exchanges and other illicit actors. The A7A5 token is a ruble-backed cryptocurrency issued by Old Vector LLC, which was sanctioned by OFAC on August 14, 2025. A7A5 is part of the A7 Network. The network created this token to help its members circumvent sanctions and conduct international transactions, while generating revenue for sanctioned infrastructure providers who profit from the token’s circulation. (Source: Foresight News)
U.S. Treasury Sanctions A7 Network for Sanctions Evasion via A7A5 Token
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Summary
On October 2, 2026, the U.S. Treasury sanctioned A7 Network for its role in sanctions evasion. The network, linked to Russia and Iran, processed over $17 billion in 2025–2026. A7A5, a ruble-backed token issued by Old Vector LLC, was used to circumvent restrictions. A network upgrade enabled seamless cross-border transactions. Nobitex, Iran’s leading exchange, was also sanctioned. New token listings often reflect evolving compliance risks.
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