Based on the UN Security Council and the European Union announcement, Bank Sepah and its overseas branches (i.e. Rome, Paris and Frankfurt Branch) and Bank Sepah International, PLC. receive sanctions relief and now ready to resume International banking operations as was lawfully and accurately practiced prior to the imposition of sanctions.
Links for more information:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/494698/Iran_notice_2016_74.pdf
http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32016R0074&from=EN
http://www.un.org/apps/news/story.asp?NewsID=53024#.VpxcXUA8CSo