US de-lists hundreds from Iran sanctions

In accordance with its commitments under the JCPOA nuclear deal with Iran (see previous blog), the US has de-listed over 400 people and entities from its List of Specially Designated Nationals (SDNs).  As a consequence, non-US persons will no longer be subject to sanctions for conducting transactions with them, though US persons remain subject to a broad prohibition on transactions with Iran or its government, and a requirement that the assets of the Government of Iran and Iranian financial institutions continue to be frozen.  In addition, more than 200 people and entities are still listed as SDNs, and non-US persons are still prohibited from knowingly seeking to evade US restrictions on transactions and trade with Iran.