British-Iranian Relations

Lord McColl of Dulwich Excerpts

Thursday 23rd February 2023 Grand Committee

[Lord McColl of Dulwich (Con)]

My Lords, for many years I have been associated directly and indirectly with Iran. I have visited many Iranian cities and have a great affection and respect for the Iranian people. I am very keen to try to help them in getting them medicines, essential equipment and other humanitarian help. It is my understanding that the acute lack of essential food and health commodities in Iran is in great part due to the gap between the Iranian and international banking systems. This is reflected by Iran’s non-adherence to recommendations of the Financial Action Task Force, which is one of the main obstacles preventing the Iranian banking system joining the global banking community.

As it appears unlikely that this problem can be resolved in the short term, the need seems obvious for an approved secure banking channel to be established for the uninterrupted supply of essential goods to the Iranian population, regardless of the international political environment. Multiple solutions have been proposed over recent years that have not gained much traction or success. However, I am aware of a Swiss proposal, initiated by a former senior United States oversight official in the Washington area and his Swiss-based colleague, which has received the preliminary blessing from the relevant US department that handles such issues. Would the Minister agree to sit down with me and the sponsors of the Swiss proposal to understand its merits? My understanding is that this proposal could easily incorporate other interested actors, such as Qatar, to which an invitation has already been extended to participate, and would be operational in a matter of days, provided that appropriate approvals are received. This could mean the possibility of delivering medicines and other essential goods during the Iranian new year period that starts next month, which would make an immediate and meaningful impact.