🚨HUGE action against Ilan Shor's A7 taken today. The proposed FinCEN rule will send a strong signal to Chinese, Emirati, and Kazakh banks that care a great deal about access to U.S. correspondent banking.

A7 was expressly designed to solve the problem created by Russia's exclusion from the Western financial system. That requires two things FinCEN is now going after:

- Liquidity outside Russia
- Foreign bank accounts capable of making apparently legit payments.

https://home.treasury.gov/news/press-releases/sb0644/