Kremlin-linked A7 network moved $6.9B through banks and crypto to evade sanctions
- —FT: A7's banking flows topped $6.9 billion via shell firms and falsified documents
- —TRM Labs: A7's on-chain exposure hit $176.6 million, including $65 million from Iran's IRGC
- —UK sanctioned the A7 network, a Kyrgyz bank and a global crypto exchange
- —EU added A7A5 and RUBx tokens to its 20th Russia sanctions package
Why it matters: The case shows how banks and crypto rails are combined to dodge sanctions, raising regulatory pressure on stablecoins and intermediaries.
Source: DiarioBitcoin