What happened
The UK has imposed sanctions on three cryptocurrency exchanges and two payment services for allegedly assisting Russia in evading financial sanctions, including transactions linked to the Kremlin-backed A7 network.
Designated in this action
STATUS
NAME
ISO
PROGRAM
IDENTIFIER
What compliance teams should check
- Re-screen customers against the updated UK sanctions list
- Assess exposure to the named crypto exchanges and payment services
- Enhance monitoring for Russia-related transactions
- Update internal sanctions compliance procedures
FOR COMPLIANCE TEAMS
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Britain said the crypto platforms and two payment services may have helped Russia evade financial sanctions, with two handling transactions involving the Kremlin-backed A7 network.CoinDesk, 9 Oct 2026, 10:14 UTC, coindesk.com