Countering Iran’s Hostile Activities
Debate between Nusrat Ghani and Wayne DavidWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
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Ms Ghani
The power—the decision—to proscribe sits with the Home Office and the Home Secretary, so I do not want to speak without authority and without being absolutely accurate. I took care of the sanctions regime in the Department for Business and Trade, and I know that we had to meet an incredibly high evidence threshold within that framework. I assume that the same applies here. I accept that so many circumstances have taken place recently, but I cannot go any further in explaining where we are, because those decisions are taken internally. For us to speculate on who may or may not be proscribed does not help the discussion, but I fully appreciate the strength of feeling in the Chamber. I will see what more information I can provide in writing to the right hon. Member for Barking, who secured the debate.
Wayne David
I do not want to embarrass the Minister unduly, but it is commonly said that the Home Office is in favour of proscription, while the Foreign Office is not, so there are two conflicting opinions. Would the Minister care to comment on that? If indeed there is a conflict of opinions, how will that be resolved?
Ms Ghani
I can only be honest and say that that is not my experience of the Home Office, so no doubt that is just further speculation. We need to focus on the powers that we have and how we apply them appropriately.
Those powers are in the sanctions regime, and more than 400 Iranian individuals and entities have been sanctioned already. The Office of Financial Sanctions Implementation also has a role on behalf of the Treasury. OFSI does not comment on specific cases, but every instance of non-compliance with financial sanctions is taken very seriously. To touch on the issue of banks, UK businesses, including banks, are expected to perform due diligence checks on all customers and clients to ensure compliance with UK sanctions regulations. However, firms need to consider their own risk exposure. The Government are committed to ensuring that our sanctions are robustly enforced, potential breaches investigated and appropriate action taken.
I was surprised to hear, in two contributions, about reporting in the Financial Times referencing, in particular, Santander and Lloyds Bank. It was absolutely appropriate to then reference the Financial Conduct Authority and ensuring that those concerns are raised with it to see whether it needs to explore any further. I took on board the other two banks that were mentioned, Bank Saderat and Melli Bank. The evidence presented in this debate is incredibly concerning, and I urge colleagues to raise it with the appropriate authorities.