Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents
Why this matters
FinCEN's notice of proposed rulemaking under section 9714 of the Combating Russian Money Laundering Act establishes a finding that transactions involving A7 Network Sub-Agents constitute a class of transactions of primary money laundering concern in connection with Russian illicit finance. The proposal mandates a special measure prohibiting certain fund transmittals by covered financial institutions. This is a consultation-stage regulatory action with broad applicability to banks, payment providers, and crypto exchanges operating internationally. The rule targets sanctions evasion and trade-based money laundering schemes involving Russian and Iranian actors. Comment deadline is 11/04/2026, making this a near-term compliance matter for financial institutions.
AI-generated classification rationale, not a full analysis. Verify with the original FinCEN source before acting. Full disclaimer.
What the FinCEN said
Notice of proposed rulemaking. FinCEN is issuing a finding and notice of proposed rulemaking, pursuant to section 9714(a) of the Combating Russian Money Laundering Act (Public Law 116-283), as amended by section 6106(b) of the National Defense Authorization Act for Fiscal Year 2022 (Public Law 117-81), finding…
Extract from FinCEN . Read the full notice at the source for the authoritative text.
Context
Financial Crimes Enforcement Network (FinCEN) — The US financial intelligence unit and administrator of the Bank Secrecy Act. We track 8 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under AML / Financial Crime, Reporting & Disclosure, Banking & Credit and Payments & E-Money.