The Treasury Department said on October 5, 2026 that its Office of Foreign Assets Control (OFAC) removed 125 individuals and entities from its sanctions lists and updated 22 list entries to improve compliance screening. It is the third round of the sanctions modernization effort Treasury Secretary Scott Bessent announced in May.
Treasury says those removed include deceased individuals, defunct companies and entries lacking enough information for reliable compliance screening. It says OFAC conducted an interagency review to ensure the removals would not harm U.S. foreign policy or national security interests.
Treasury said the goal is for sanctions to stay targeted, effective and aligned with U.S. economic, foreign policy and national security priorities, and that the administration measures sanctions by effect and impact, not the number of names listed.