FinCEN A7 Network Special Measure: Prohibiting Sub-Agent Transmittals
On 1 October 2026 FinCEN released a notice of proposed rulemaking under section 9714(a) of the Combating Russian Money Laundering Act that would add a new 31 CFR 1010.668 and prohibit every covered US financial institution from sending or receiving funds, including convertible virtual currency (CVC), in transactions involving the A7 Network’s Sub-Agents. The FinCEN…