The Council of the European Union has published Council Implementing Regulation 350/2012, which came into force on 24 April 2012. This Regulation amends the asset freeze lists in Regulation 267/2012 by removing one individual and two companies from those lists.
The asset freeze lists continue to be amended on a regular basis. It is, therefore, essential that parties considering doing business with any party with links to Iran check these lists carefully, to ensure that they will not be doing business with a designated person or entity.
The full text of the Regulation is available on the Europa website.