On 14 December 2010, Treasury minister Mark Hoban said the the Terrorist Asset-Freezing etc Bill was "absolutely necessary" if the government wanted stop the financingofterrorism.
If - as expected - the bill is ratified by parliament and by the hard-line Guardian Council, it will make Iran a member of the International Convention for the Suppression of the FinancingofTerrorism, which was created in 1999 and came into force in 2002.
He said Russia would work with the West to help tackle terrorist financing and support networks for extremists, as well as tackling causes ofterrorism, including poverty and instability.