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US Imposes Sanctions on A7 for Concealing Payments

US Sanctions Russian Payment System A7

The US Department of the Treasury has imposed sanctions on the Russian payment system A7. American regulators have uncovered a global network of sub-agents used to conceal payments.

OFAC alleges that the company operated under the guise of ordinary commercial activity, masking transactions with sanctioned individuals and economic sectors.

Users of A7's services included organizations subject to international restrictions, including the Islamic Revolutionary Guard Corps (IRGC) and Hamas.

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