But here's the bummer part: This is just the first step. Now, I have to get my passport....
Yep. This isn't easy. Yes, it is maddening. Will my uncle who killed my grandmother even be alive by the time I get to Iran?? Will the place where she was buried be forever forgotten? Will the U.S. be at war with Iran by the time I am able to buy a ticket?
Meanwhile... we received this email at work from our Compliance department:
---
Colleagues,
[The Company] is committed to conducting its business with
integrity and we take our legal compliance obligations with the utmost
seriousness. As you all know from the daily front page press
reports, the US and UK are actively using economic sanctions to deter Iran’s
nuclear weapons program. The Obama administration has been tightening
sanctions, most recently in August, and [The Company] is now fully subject
to all US sanctions for compliance purposes. The political
situation in Iran is highly unstable as a result of the sanctions impact. A major goal of these sanction programs is to deprive Iran’s economy of
insurance support from the international marine insurance market so they cannot
export goods, including oil. All of this makes for a very dangerous
political situation and it requires that we all be extra vigilant in ensuring
that [The Company] fully complies with our obligations under the sanction laws.
Please take a moment this week to refresh your
understanding of [The Company's] financial crime policy and, most notably, our
Economic Sanctions Policy contained in Appendix A.
Most importantly, if you become aware of any underwriting
or claims transaction that involves Iran in any way, however remotely,
please immediately advise the Legal/Compliance team. The rules are very complex and change frequently, so
please do not attempt to make your own conclusions or contractual
interpretations and do not rely on a broker’s representations that the
sanctions do not apply if you learn that Iran is involved in the transaction in
any way. Consult with our internal compliance experts!
More detailed procedures were rolled out in London last
week for the [The Company's] underwriting teams and more detailed procedures will
be rolled out this week for the US teams. Our biggest protection
is the use of sanctions clauses that contain explicit references to US
sanctions and diligent inquiries by our underwriters and our claim
professionals. If you have any questions about these procedures, please
consult Legal/Compliance.
Thanks for your continued cooperation and vigilance.
---
The cousin who was able to get my certificate moved through bureaucracy has also reported that groceries are difficult to buy in Tehran now. The effect of the sanctions has been devastating to my extended family who still live there. I highly doubt that the higher ups in government feel the effects at all, so when I get messages like this from my company, I feel a little ill.
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