10/14/2026

Operation Economic Outcast Takes Unprecedented Action Against Sanctions Evasion Network Used by Iran

U.S. Department of the Treasury

WASHINGTON—Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions. 

• Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would prohibit transmittals of funds regarding transactions involving the A7 Network’s Sub-Agents.
• Additionally, FinCEN issued an Alert to help financial institutions detect and report suspicious activity related to the A7 Network.
• Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the A7 Network as a significant transnational criminal organization.

“Treasury is dismantling the financial infrastructure that allows Iran and other adversaries to evade sanctions, move illicit funds, and undermine the integrity of the global financial system,” said Secretary of the Treasury Scott Bessent. “Today’s action targeting A7 continues Treasury’s unprecedented efforts to isolate Iran and its financial enablers and sends a clear message that if you facilitate illicit finance for America’s adversaries, you will lose access to the U.S. financial system.”

The A7 Network was created and backed by U.S.-sanctioned persons in order to evade sanctions.  It has developed a global web of Sub-Agents, companies that are purpose-built to disguise payments linked to sanctioned sectors and persons as ordinary commercial activity.  The A7 Network has been leveraged by Iran, including Iran’s Islamic Revolutionary Guard Corps.  Today’s actions build on the August 14, 2025 designation of several A7 Network entities, such as A7 LLC and Old Vector LLC, by exposing the broader network itself to U.S. sanctions.