Ilan Șor
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has imposed wide-ranging sanctions against A7 Network. This is reported on the agency’s website, according to RBC.
The Financial Crimes Enforcement Network (FinCEN) has prohibited the transfer of funds involving A7 Network sub-agents. Furthermore, FinCEN has issued a warning to financial institutions regarding the identification and reporting of suspicious activity linked to A7 Network.
“Today’s measures against A7 continue the agency’s unprecedented efforts to isolate Iran and its financial enablers; this sends a clear message: if you facilitate illicit financial transactions by adversaries of the United States, you will be cut off from the US financial system,” said Treasury Secretary Scott Bessent.
A7 later told RBC that the sanctions would not affect the company’s operations and described them as recognition of the effectiveness of the international payment system it had established, which is independent of “geopolitical circumstances”.
The company also rejected allegations that it works with Iran and terrorist organisations. A7 emphasised that it uses a multi-tiered compliance system and screens all clients.
More about A7
The A7 international payments platform was launched in 2024. It is owned by the company ‘A7-Agent’, whose chief executive is the Moldovan businessman Ilan Shor. A7 facilitates payments to any country in the world with a commission of 0.3 per cent. The agent’s website states that the main currencies for settlements are yuan, US dollars, euros and UAE dirhams, but any other currencies are also possible ‘subject to further arrangement’.
Since July 2025, A7 has been on the European Union’s sanctions list. The EU believes that the platform has “numerous links to Moscow”. “The sanctions imposed will in no way affect the operations of the A7 international payments platform. The company continues to operate as normal. All cross-border payment services remain available to customers without any changes or restrictions,” A7 told RBC. In August of the same year, the US imposed sanctions against A7; the restrictions then applied to A7 LLC and A7 Agent LLC, and in October 2026 the sanctions were extended.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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