Sanctions
Screen for exposure to three new sanctions actions
OFAC and FinCEN action on the A7 Network, UK designations of three exchanges, and an OFAC action against a Hamas financing network
A7 Network designated
OFAC designates the A7 Network, and FinCEN proposes a special measure that draws on TRM research
On October 1, OFAC designated the A7 Network as a significant transnational criminal organization under Operation Economic Outcast. The same day, FinCEN issued a finding and proposed rule that would prohibit covered US financial institutions from sending or receiving funds involving non-US companies the network controls, which FinCEN calls sub-agents. The FinCEN action draws extensively on TRM’s published A7 research.
Learn MoreFor compliance teams:
- US financial institutions face a proposed prohibition on dealings with A7 sub-agents, in addition to the OFAC designation
- Screen for exposure to the network in TRM
- Trace flows to and from the network
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UK designates Cryptomus, Heleket, and TokenSpot, and TRM labels all three as sanctions
On October 8, the UK Foreign, Commonwealth and Development Office (FCDO) designated three cryptocurrency exchanges, Cryptomus, Heleket, and TokenSpot, in a Russia sanctions package. The designation listed no cryptocurrency addresses. All TRM attribution associated with the three entities is now labeled as sanctions, and TRM adds addresses as it finds them. Compliance teams screening against UK sanctions can see exposure to these exchanges flagged as sanctions without waiting for a published address list.
Learn More$2M+
Hamas financing network designated by OFAC, with the primary target’s address already attributed in TRM
On October 2, OFAC designated three individuals and two entities in a network that used sham charities and cryptocurrency to raise funds for Hamas. OFAC states the network collected more than $2 million between 2020 and 2026. The designation listed no cryptocurrency addresses. TRM had already attributed an address to the primary target, and all attribution associated with the primary target is now labeled as sanctions. Compliance teams can screen for exposure to this network under the sanctions category, and investigators can follow funds sent to the attributed address.
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