US removing 76 names from sanctions blacklist in move meant to strengthen program

“WASHINGTON, May 28 (Reuters) - The U.S. Treasury Department said on Thursday it taking 76 persons, vessels and entities off its sanctions blacklist that it said were outdated, a move it said would help crack down on sanctions evasion on complex and high-risk targets. The department said it had heard from businesses that complained about being forced to spend significant resources to screen targets that were low-risk. In some cases the targets such as financial networks no longer exist, or individuals who had been sanctioned had died.

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