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US Further Targets Iran-Linked Russian A7 Financial Network

Source: Bloomberg

Sanctions & Export ControlsGeopolitics & WarFintech

The US imposed a new round of sanctions on Russia's A7, alleging that the financial-services firm used a global shell-company network to transfer funds for sanctioned businesses, including entities linked to Iran. The action raises compliance and counterparty risks for financial institutions and intermediaries with exposure to Russian or Iranian payment networks.

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