https://sputniknews.in/20261002/12472728.html
US Escalates Financial Pressure on Iran, Targets A7 Network — Treasury
US Escalates Financial Pressure on Iran, Targets A7 Network — Treasury
Sputnik India
The US Treasury has announced a new round of measures against the A7 Network under its “Operation Economic Outcast,” saying the financial network has been used by Iran to circumvent US sanctions and move funds through the international system.
2026-10-02T10:20+0530
2026-10-02T10:20+0530
2026-10-02T10:38+0530
iran
us-israel war with iran
us
sanctions
western sanctions
us hegemony
https://cdn1.img.sputniknews.in/img/07ea/0a/02/12472908_0:40:3072:1768_1920x0_80_0_0_8610cd223a03a83a13c16c0d2a561b7f.jpg
FinCEN proposed blocking fund transfers involving A7 sub-agents, while OFAC designated the network a “significant transnational criminal organization.” Treasury claims the network’s sub-agents processed more than $17 billion between January 2025 and June 2026 and were used in transactions linked to Iranian oil sales and procurement efforts.The designation means property and interests in property belonging to the network that fall under US jurisdiction are blocked, while transactions involving designated entities are generally prohibited unless authorized by OFAC.
iran
us
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2026
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
iran, us-israel war with iran, us, sanctions, western sanctions, us hegemony
iran, us-israel war with iran, us, sanctions, western sanctions, us hegemony
US Escalates Financial Pressure on Iran, Targets A7 Network — Treasury
10:20 02.10.2026 (Updated: 10:38 02.10.2026) The US Treasury has announced a new round of measures against the A7 Network under its “Operation Economic Outcast,” saying the financial network has been used by Iran to circumvent US sanctions and move funds through the international system.
FinCEN proposed blocking fund transfers involving A7 sub-agents, while OFAC designated the network a “significant transnational criminal organization.” Treasury claims the network’s sub-agents processed more than $17 billion between January 2025 and June 2026 and were used in transactions linked to Iranian oil sales and procurement efforts.
“Today’s action targeting A7 continues Treasury’s unprecedented efforts to isolate Iran and its financial enablers,” Treasury Secretary Scott Bessent said.
The designation means property and interests in property belonging to the network that fall under US jurisdiction are blocked, while transactions involving designated entities are generally prohibited unless authorized by OFAC.
