A7 Network
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anchored·2MSnjv…SG4qSummary
A7 Network is a Russia-linked cross-border payment and shadow banking network established in late 2024 by sanctioned Moldovan oligarch Ilan Mironovich Shor and Russian state defense bank Promsvyazbank (PSB). The network operates through a constellation of shell companies known as Sub-Agents across more than 83 countries and issues a ruble-backed stablecoin called A7A5 on Tron and Ethereum. On October 1, 2026, the U.S. Treasury's OFAC designated A7 Network a significant transnational criminal organization and FinCEN proposed a rulemaking to prohibit U.S. financial institutions from transmitting funds involving its Sub-Agents; the EU and UK had issued related sanctions and alerts in the preceding months.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(8 events)
1 September 2024
A7 Network formally launched by Ilan Mironovich Shor and Promsvyazbank (PSB), Russia's state-owned defense bank, alongside VEB.RF (Russian State Development Corporation). Network begins facilitating cross-border payments for Russian entities excluded from the formal banking system.
GlobalSanctions.com / UK NCA Flash Alert summary1 September 2024
Ilan Shor reportedly presents A7's transaction volumes to Vladimir Putin, citing 7.5 trillion rubles ($89 billion) in settled cross-border transactions within approximately ten months of operation.
crypto.news / A7 Leaks reporting14 August 2025
OFAC designates A7 LLC and Old Vector LLC (issuer of the A7A5 ruble-backed stablecoin). This is the first U.S. sanctions action directly targeting A7 Network entities.
U.S. Treasury Operation Economic Outcast press release2 June 2026
OFAC designates Nobitex, Iran's largest digital asset exchange, which Treasury links to A7 Network's Iran-facing operations.
U.S. Treasury Operation Economic Outcast press release23 July 2026
EU adopts its 21st package of restrictive measures against Russia, adding four A7-linked designations (A7 Agent LLC, A71 LLC, Leonid Shumakov, Mikhail Dorofeev) and extending transaction bans to 14 crypto platforms in third countries.
CoinDesk31 August 2026
UK National Crime Agency and National Economic Crime Centre issue Flash Alert 0808-NECC — the UK's first industry-wide sanctions alert — warning the entire regulated sector about A7's methods, including use of promissory notes, shell companies, VPNs, and A7A5.
LexisNexis UK / GlobalSanctions.com26 September 2026
Elliptic flags the A7 Leaks — a trove of internal A7 documents — revealing on-chain and operational details of the network, including alleged election interference activity and $8 billion in stablecoin flows through associated wallets.
Elliptic1 October 2026
OFAC designates A7 Network a significant transnational criminal organization under Operation Economic Outcast. FinCEN simultaneously issues a proposed rulemaking (31 CFR 1010.668) to prohibit U.S. financial institutions from transmitting funds involving A7 Sub-Agents, and issues a financial institution alert with red flags for detection.
U.S. Treasury / FinCENDecision Log
- hash: 34hHHSK7xcEE2DabKQYwHYskVcpbLge7ApqCyjHUT8UZ
This investigation is cryptographically anchored to the Solana blockchain (1 event). 0 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 10/4/2026, 12:03:55 PM
last updated: 10/4/2026, 12:04:04 PM
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