Treasury Announces Second Round of Sanctions Removals, Updates in Modernization Initiative

Data-Driven Updates Ensure Sanctions Remain Targeted, Effective, and CurrentWASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took the second major action in its sanctions modernization efforts, announced by Secretary of the Treasury Scott Bessent in May. Today’s action removed 84 individuals and entities and improved identifying information for 22 list entries to facilitate compliance. Those removed from OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) today include individuals and entities no longer considered U.S. national security or foreign policy priorities: some deceased individuals, defunct entities, and targets sanctioned more than 20 years ago, some of whom lack sufficient information for effective compliance screening. As with any removal from its sanctions lists, OFAC conducted appropriate interagency review to ensure that such removal would not harm U.S.