TNAG-0930-FCO40-1148-Sanctions-against-Iran-extension-to-Dependent-Territories-1980 — Page 110

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ANT EXPANSION. UNLESS YOU FEEL OTHERWISE, WE SUGGEST THAT IT WILL ACCORDINGLY BE SUFFICIENT TO GIVE BROAD GUIDANCE ONLY TO SELECTED BANKS, DRAWING ON THE MATERIAL ABOVE. IF BANKS PRESS FOR MORE DETAIL, THEY SHOULD BE ADVISED TO APPROACH YOU IF THEY ARE OFFERED SOME LARGE OR UNUSUAL TRANSACTION INVOLVING IRAN, WHEREUPON WE WOULD BE HAPPY TO ADVISE FURTHER. BUT WE ARE ANXIOUS TO AVOID SETTING UP CUMBERSOME AND DETAILED MACHINERY

SINCE IN TERRITORIES WHERE IRANIAN BUSINESS IS SOMEWHAT LIMITED, THE APPROACH IN LONDON HAS BEEN ESSENTIALLY INFORMAL AND LOW-KEY.

CARRINGTON

NNNN

DIST FILES

LORD BRIDGES

FRD

MED

HK+GD

MR EVANS

COPIES TO

MR MCINTYRE, TREASURY

MR J C MOBERLY

MR EDGLEY, BANK OF ENGLAND

MR DONALD

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