US Treasury Labels A7 Payment Network a Transnational Criminal Organization

The U.S. Treasury Department has designated A7, a Russia-linked cryptocurrency platform, as a transnational criminal organization due to its ties to Iran and use in evading sanctions. The network, run by fugitive Moldovan oligarch Ilan Shor, relies heavily on subagents that disguise payments involving sanctioned entities as ordinary commercial transactions.

A7 processes over 2,000 transactions daily worth $89.5 billion, equivalent to about 13% of Russia's foreign trade in 2025. The network has also been used by Iran's central bank, the Islamic Revolutionary Guard Corps, and Tehran-backed groups, including Hamas, as well as by cybercriminals.

The U.S. Treasury said that A7 was used by a subagent to receive nearly $140 million from participants in Iran's 'shadow fleet.' Another subagent transferred about $1.6 million to a company linked to weapons procurement for Iran.