The Office of Foreign Assets Control removed 76 entries from its Specially Designated Nationals and Blocked Persons List on May 28, marking the most significant housekeeping effort the agency has undertaken in years. The purge targeted deceased individuals, decommissioned vessels, and dissolved illicit networks, after an interagency review concluded that none of these entities currently posed any risk to US interests. Annual new SDN designations rose from roughly 880 in 2017 to over 3,000 in 2024, representing a nearly four-fold increase in just seven years with minimal corresponding effort to remove obsolete entries. Treasury Secretary Scott Bessent announced the modernization initiative at the « No Money For Terror » conference in Paris, framing it as a shift toward treating sanctions as tools for influencing behavioral change rather than permanent measures. No crypto-related entities or tokens were part of this particular delisting round.
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