ECO4451 Economics of Globalization
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. use the word please.
Answer preview
Please take into the following considerations concerning the expansion of operations within the Iranian market and similarly understanding the accounting principles in Europe and the US. These are important in guiding the development of the company and maintaining a global reputation. In the quest to grow and expand its global face, Deutsche Bank AG needs to evaluate various factors and understand the economic environment within different regions. Opting to expand its operations into Iran would…
(950 words)