The British Treasury has announced its decision to unfreeze several bank accounts that belong to the Mujahedin Khalq Organization (MKO).

In a Tuesday statement, the Treasury said that it would unblock nine of the MKO assets frozen since 2001.

Other MKO assets, which were blocked based on the European Council's decision, will remain frozen until the Council reviews the matter, the Treasury announced.

The MKO is recognized as a terror organization by Iran, Iraq, Canada, the United States, and the European Union. The group, closely allied with former Iraqi dictator Saddam Hussein, is responsible for bombings, assassinations, and terrorist attacks in Iran and Iraq over the past 25 years.

The Treasury announced its plans after the British judiciary, government, and Parliament reached a final decision to remove the group from the country's list of terrorist organizations.

The announcement came just hours after the Treasury released details about sanctions that are to be imposed on Iranian banks over the country's nuclear program.

MJ/JG/RA