Iranian-Canadians fume as TD closes accounts

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KumarM
Member since: Jan 09

Posts: 881
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Post ID: #PID

Posted on: 12-07-12 01:13:04

This is interesting.

Sanctions against Iran hit Canadian bank account holders
http://www.cbc.ca/news/canada/toronto/story/2012/07/11/iranian-canadian-td-accounts269.html

Another article on this topic:
We can't let Iran have an iPad! Georgia Apple stores refuse to sell Farsi-speaking Americans their products
http://www.dailymail.co.uk/news/article-2163035/Apple-store-bans-Sahar-Sabet-19-buying-iPad-speaking-Iranian-language-Farsi.html

JRF
Member since: Jul 04

Posts: 1853
Location: GTA, Ontario
Post ID: #PID

Posted on: 12-07-12 07:19:44

I think the bank is following the Govt regulation to seize any business activity with Iran. The account holders might really be holding a business account which one or otherway involved in sending / receiving money from Iran, current regulations restrict that and these business accounts might be related to personal account also.

Quote:
Originally posted by KumarM

This is interesting.

Sanctions against Iran hit Canadian bank account holders
http://www.cbc.ca/news/canada/toronto/story/2012/07/11/iranian-canadian-td-accounts269.html

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Iranian-Canadians fume as TD closes accounts

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