You are on the regulatory compliance office at Deutsche Bank AG. Your boss has tasked you with explaining to the venture capital division of the bank why you cannot do business in Iran in the current sanctions environment. Specifically, you will need to talk about the sanctions imposed by the US and the effects if you did do business in Iran. You will need to be sure you look into differences the accounting principles in Europe vs US. Remember, your bank does business in both.
This is an internal memo
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