EL7.AI
StocksMediumUpdated•Originally published 22 September 2026•Updated 22 September 2026•
2 min read

Report: A7 Network Moved More Than $6.9 Billion Through Global Banks Using Forged Documents

Key Facts

1The Financial Times said leaked A7 records showed more than $6.9 billion moving through the global banking system using forged documents.
2In August 2025, the U.S. Treasury described A7 as a cross-border settlement platform used for sanctions evasion.
3On September 21, 2026, C closed at $135.05, JPM at $352.04, DB at $38.25 and SCBFY at $62.36.

The Financial Times said leaked internal A7 records showed more than $6.9 billion moving through the global banking system using intermediaries and forged documents. The investigation named Standard Chartered, Citigroup, Deutsche Bank and JPMorgan, but did not establish that the banks knew of the scheme or intentionally breached sanctions.

According to the investigation, Standard Chartered accounts in Hong Kong received about $1.1 billion from A7-linked entities between late 2024 and August 2025, while Citigroup clients received about $74 million and Deutsche Bank clients about $18 million. The report also said A7 opened accounts at JPMorgan, without specifying a comparable payment total through that bank.

In August 2025, the U.S. Treasury described A7 as a cross-border settlement platform used for sanctions evasion and owned by sanctioned Moldovan oligarch Ilan Shor and sanctioned Russian bank Promsvyazbank. In May 2026, the UK government described the network as Kremlin-backed and designed to bypass Western sanctions. The network's alleged use of shell companies and forged invoices can distribute transaction information across several institutions, making it harder to connect each payment to its beneficial owner and the wider network in real time.

At the September 21, 2026 close, C stood at $135.05, JPM at $352.04, DB at $38.25 and SCBFY at $62.36, according to EL7 data. Payment records alone do not establish a bank's legal liability; any share-price impact will depend on formal investigations, bank disclosures, compliance costs or penalties because these factors can pressure earnings, capital or correspondent-banking relationships.