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57 minutes ago

Treasury removes more than 80 people, companies from sanctions list as part of review

The Treasury Department slashed another 84 people and companies from its sanctions lists on Monday as part of an effort to streamline sanctions programs and make it easier for banks to pursue what it deems the most serious terrorist financing schemes.Secretary Scott Bessent launched a review in May of its sanctions programs and lists to remove outdated entries and ease compliance burdens on financial institutions.He later announced that 76 people and firms had been removed from the 17,000-plus sanctions lists.A Treasury official said the goal is "to ensure Treasury sanctions remain efficient,...

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