The UK government has imposed new financial restrictions against Iran which will cut off all financial ties with Iranian banks.
It follows the International Atomic Energy Agency's report on Iran and concerns about its nuclear programme.
From 1500 GMT on Monday, all UK credit and financial institutions are required to cease all transactions with banks including the Central Bank of Iran.
It is the first time the UK has cut off a country's banking sector in this way.
The powers were created under the 2008 Counter-Terrorism Act.
Iran insists its nuclear programme is purely civilian and for scientific research, but Western nations fear it is trying to build a nuclear weapon.
A report from the IAEA earlier this month says the organisation "has serious concerns regarding possible military dimensions to Iran's nuclear programme".
It said Iran had "carried out activities relevant to the development of a nuclear explosive device".
They are complete hypocrites - only the west can decide who has nukes and who doesn't.
It has been proven that the Zionist state Israel entertains apartheid, it also has committed dozens of atrocities against innocent civilians and constantly lie - yet they of course MUST have them - Iran are not allowed to protect themselves.
BBC News - UK severs ties with Iranian banks
It follows the International Atomic Energy Agency's report on Iran and concerns about its nuclear programme.
From 1500 GMT on Monday, all UK credit and financial institutions are required to cease all transactions with banks including the Central Bank of Iran.
It is the first time the UK has cut off a country's banking sector in this way.
The powers were created under the 2008 Counter-Terrorism Act.
Iran insists its nuclear programme is purely civilian and for scientific research, but Western nations fear it is trying to build a nuclear weapon.
A report from the IAEA earlier this month says the organisation "has serious concerns regarding possible military dimensions to Iran's nuclear programme".
It said Iran had "carried out activities relevant to the development of a nuclear explosive device".
They are complete hypocrites - only the west can decide who has nukes and who doesn't.
It has been proven that the Zionist state Israel entertains apartheid, it also has committed dozens of atrocities against innocent civilians and constantly lie - yet they of course MUST have them - Iran are not allowed to protect themselves.
BBC News - UK severs ties with Iranian banks