My right hon. Friend the Foreign Secretary and Foreign and Commonwealth Office officials discuss Iran frequently with their US counterparts. They have discussed possible measures, including financial measures, that the international community might have available should Iran not come into compliance with the International Atomic Energy Agency Board and UN Security Council resolutions. In resolution 1696, the Security Council made mandatory on Iran a suspension of all uranium enrichment related and reprocessing activities and expressed its intention to adopt appropriate measures under article 41 of the UN charter if Iran did not comply. Iran has not put in place a full suspension and the 'E3+3' (France, Germany, UK + China, Russia, US) are presently consulting on appropriate measures, as a first step towards wider consultations; decisions have not yet been taken.
Members of the US Administration have also briefed Ministers and officials, including from HM Treasury, on their concern that Iranian-owned banks are being used to facilitate the transfer of funds to organisations involved in terrorism and proliferation related activities. On