Kremlin-linked network A7 moved $6.9 billion through top banks
- —Standard Chartered accounts in Hong Kong received about $1.1 billion from A7-linked parties
- —First Abu Dhabi Bank processed over $1.8 billion in outgoing payments from 17 entities
- —The network used hundreds of firms in Hong Kong, the UAE and Central Asia to evade sanctions
- —Billions of dollars in Tether were sold to Russian buyers via A7 accounts
Why it matters: The scheme shows how bank channels, shell companies and stablecoins are combined to evade sanctions, increasing regulatory scrutiny of crypto infrastructure.
Source: Newsbit