Regulation· ★★★· bearish·

Russia-linked fintech A7 moved $6.9B through SWIFT despite sanctions

  • —A7 moved over $6.9 billion through SWIFT despite sanctions on Russia
  • —Standard Chartered Hong Kong received $1.1 billion from A7-linked entities
  • —First Abu Dhabi Bank closed 17 A7-linked accounts with $1.8 billion in outflows
  • —The scheme relied on shell companies and forged invoices in the UAE
Why it matters: The case highlights how both fiat and crypto channels remain vulnerable to sanctions evasion, increasing regulatory pressure on banks and crypto firms.
Source: The Cryptonomist (IT)
More on this
Regulation · 21:53
SEC and CFTC draw the DeFi line: control, not branding, decides regulation
 Regulation · 21:51
CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
 Regulation · 19:00
South Korea approves blockchain payment pilot for government spending with six banks