Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what the Government’s policy is on whether the preconditions for implementing an EU special purpose vehicle enabling European companies to trade with Iran while avoiding US sanctions should include a requirement for Iran’s accession to the International Convention for the Suppression of the Financing of Terrorism.

​The European Special Purpose Vehicle (SPV) is being designed in full compliance with European Union and relevant national regulatory standards in anti-money-laundering and terrorism-finance. We continue to work with Iran to support their efforts to pass all legislation required as part of their Financial Action Task Force Action Plan.