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Iranian-Canadians fume as TD closes accounts - Toronto - CBC News
Same as Japanese Americans were Rounded up in 2nd World war...Now its the Turn of Iranian Canadians...Despite Being Canadians....
Several Iranian-Canadians are crying foul after the TD Bank abruptly closed their accounts with little explanation other than to say it had to comply with federal economic sanctions against Iran.
TD began sending letters to some of its clients in May informing them it would no longer be offering them banking services so as to abide with changes made last November to the Special Economic Measures (Iran) Regulations, which prohibit banks from providing financial services that benefit Iran or anyone in Iran.
"A recent review has identified you as a person TD is restricted from providing financial services to, from, or for the benefit of under these new regulations," TD wrote in one letter to an affected customer, Soudeh Ghasemi of Toronto.
"As a result, we are informing you that TD will no longer continue to support your current accounts and/or services." The letter informs Ghasemi that she could apply to the Department of Foreign Affairs for a special permit to carry out transactions with Iran.
Ghasemi, a Canadian citizen, told CBC's The Current she was "shocked" when she received that letter, saying she does not send any money to Iran.
She said her father also received a similar letter from the bank with regards to his mortgage and his personal line of credit.
Later, she and her father received two separate letters in which they were informed the joint business account they held would be closed.
Ghasemi said her father received some money from Iran for a down payment for a home in Canada. But that transfer took place before the new round of sanctions were introduced, said Ghasemi, who doesn't see any legitimate reason for the letter.
"We're not involved in any sort of transaction or any sort of activity that may benefit the government of Iran. And we're not people in Iran. We're permanent residents and citizens of Canada," she said.
Ghasemi said her father goes to Iran about once a year for business and for personal reasons, but does not support the current regime. None of the money from her Canadian accounts goes to her father's farming business in Iran, she said.
Same as Japanese Americans were Rounded up in 2nd World war...Now its the Turn of Iranian Canadians...Despite Being Canadians....
Several Iranian-Canadians are crying foul after the TD Bank abruptly closed their accounts with little explanation other than to say it had to comply with federal economic sanctions against Iran.
TD began sending letters to some of its clients in May informing them it would no longer be offering them banking services so as to abide with changes made last November to the Special Economic Measures (Iran) Regulations, which prohibit banks from providing financial services that benefit Iran or anyone in Iran.
"A recent review has identified you as a person TD is restricted from providing financial services to, from, or for the benefit of under these new regulations," TD wrote in one letter to an affected customer, Soudeh Ghasemi of Toronto.
"As a result, we are informing you that TD will no longer continue to support your current accounts and/or services." The letter informs Ghasemi that she could apply to the Department of Foreign Affairs for a special permit to carry out transactions with Iran.
Ghasemi, a Canadian citizen, told CBC's The Current she was "shocked" when she received that letter, saying she does not send any money to Iran.
She said her father also received a similar letter from the bank with regards to his mortgage and his personal line of credit.
Later, she and her father received two separate letters in which they were informed the joint business account they held would be closed.
Ghasemi said her father received some money from Iran for a down payment for a home in Canada. But that transfer took place before the new round of sanctions were introduced, said Ghasemi, who doesn't see any legitimate reason for the letter.
"We're not involved in any sort of transaction or any sort of activity that may benefit the government of Iran. And we're not people in Iran. We're permanent residents and citizens of Canada," she said.
Ghasemi said her father goes to Iran about once a year for business and for personal reasons, but does not support the current regime. None of the money from her Canadian accounts goes to her father's farming business in Iran, she said.
