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OFAC Sanctions Chinese Chemical Company For Synthetic Opioid Trafficking
On September 3, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") announced sweeping sanctions against Guangzhou Tengyue Chemical Co., Ltd. ("Guangzhou Tengyue"), a China-based manufacturer and distributor of synthetic opioids and cutting agents.
Herbert Smith Freehills Kramer LLP