To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the compliance of Iranian businesses with financial sanctions imposed by the UK.
Answered on
17 June 2014
The UK implements EU and UN sanctions against Iran – it does not independently impose financial sanctions on Iran. The UK is firmly committed to ensuring compliance, including working with partners to freeze assets, authorising and monitoring relevant transactions, and investigating alleged sanctions breaches. EU financial measures apply within the EU and to EU nationals and entities rather than directly to Iranian businesses based outside of the EU. However, Her Majesty's Treasury continue to ensure that the assets of designated Iranian entities, held in the UK, remain frozen.