October26, IFIF public relation- Bank Saderat Iran (BSI) and Bank Saderat PLC, the UK branch, were removed from the list of sanctions.

Britain`s Ministry of Finance said that regarding to the removal of imposed sanctions against Iran, an asset freeze no longer applies to BSI and Bank Saderat PLC.

The amending Regulation amended the listings of Bank Saderat Iran and Bank Saderat PLC so that they would remain in force until October 22, 2016, the statement said, adding that as that date has now passed, Bank Saderat Iran and Bank Saderat PLC are no longer subject to the restrictive measures set out in the Regulation, including the asset freeze.