FinCEN Proposes Sanctions on A7 Network Sub-Agents for Russia-Linked Money Laundering

FinCEN issued a finding and proposed rulemaking to prohibit transmittal of funds involving A7 Network sub-agents, a Russia-linked sanctions evasion and money laundering service used by Iran and its proxies. The measure targets non-U.S. companies controlled by the network, expanding U.S. financial pressure. This marks a formal regulatory step to disrupt illicit financial flows, though the rule is not yet final.