| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) conducted its second major sanctions modernization action, removing 84 individuals and entities from the Specially Designated Nationals and Blocked Persons List (SDN List) and updating identifying information for 22 entries. The removals include deceased individuals, defunct entities, and outdated sanctions lacking sufficient compliance data. This effort aims to ensure sanctions remain targeted, effective, and aligned with U.S. national security priorities. OFAC also resolved 18 duplicate entries and enhanced identifying details (e.g., birthdates, nationality) to improve compliance screening. Additionally, OFAC launched a Reconsideration Portal to streamline delisting requests, allowing sanctioned individuals or their representatives to submit petitions for removal. The names of the sanctioned individuals and entities are listed on the OFAC website. |
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Treasury Announces Second Round of Sanctions Removals, Updates in Modernization Initiative
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) conducted its second major sanctions modernization action, removing 84 individuals and entities from the Specially Designated Nationals and Blocked Persons List (SDN List) and updating identifying information for 22 entries. The removals include deceased individuals, defunct entities, and outdated sanctions lacking sufficient compliance data. This effort aims to ensure sanctions remain targeted, effective, and aligned with U.S. national security priorities. OFAC also resolved 18 duplicate entries and enhanced identifying details (e.g., birthdates, nationality) to improve compliance screening. Additionally, OFAC launched a Reconsideration Portal to streamline delisting requests, allowing sanctioned individuals or their representatives to submit petitions for removal. The names of the sanctioned individuals and entities are listed on the OFAC website. |
| Read full article → |
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