Like all globally active banks
12.12.14

Bank Of America Faces Backlash After Freezing Accounts Over Citizenship Questions

A report published Thursday by the Miami canada goose uk black friday Heraldprofiles numerous Bank of America customers who say they have been locked out of their accounts after failing to answer questions about their citizenship or provide documentation deemed acceptable.

canada goose outlet uk sale The bank says it asks account holders about their country of citizenship in order to comply with country specific sanctions and routinely conducts outreach to ensure information is up to date. canada goose outlet uk sale

canada goose outlet toronto address In one Canada Goose Coats On Sale case the Canada Goose Parka Herald described,Saeed Moshfegh, an Iranian doctoral student at the University of Miami, said he was denied access to http://www.canadagoosesalesus.com his account after his local Bank of America branch refused to accept documentation he offered to demonstrate his status as a student. canada goose outlet toronto address

canada goose outlet vancouver “This bank cheap canada goose uk doesn’t know how the immigration system works, uk canada goose outlet so they didn’t accept my document,”Moshfegh canada goose store told the Herald. The issue was resolved after he sent a tweet to the bank’s social media account. canada goose outlet vancouver

“It was extremely scary,” Hernandez told the Herald. “I knew I didn’t do anything wrong, but it puts doubt in your canadian goose jacket mind. A bank can crush your life for arbitrary reasons and never tell you why.”

canada goose outlet shop It was extremely scary. I knew I didn’t do canada goose outlet anything wrong, Canada Goose online but it puts doubt in your mind. canada goose outlet shop

canada goose factory outlet vancouver Dan Hernandez, Bank of Canada Goose sale America customer canada goose factory outlet vancouver

canada goose outlet belgium The Kansas City Starreported on a similar case in July, when Kansan Josh Collins said he received an unusual looking letter from Bank of America asking about his citizenship status. He ignored it, assuming it was spam, but later discovered his account was frozen. canada goose outlet belgium

canada goose outlet montreal Bank of America unfroze Collins account when he presented his driver’s license at a local branch. canada goose outlet montreal

canada goose outlet official Beth Mills, a spokeswoman for the California Bankers Association, told the Star that federal law only requires that banks verify account holders’ name, date of birth, residential canada goose uk outlet address and Social Security number. canada goose outlet official

But in an Aug. Bank Secrecy Act or enforced by the Treasury Department’s Office of Foreign Assets Control.”

canada goose outlet trillium parka black The regulations are not meant to determine immigration status. government. Citizenship status is not considered when it comes to establishing bank accounts and citizenship status canada goose coats on sale of our customers is not shared with any other party. Like all globally active banks, our customers are citizens of many different countries. Over time, we ask all customers to verify their information is current. If we don’t canada goose clearance sale hear back from a customer in response to our outreach, as a last resort, we may restrict the account until we can confirm it is in compliance with regulatory requirements. canada goose factory sale Our goal is to minimize customer inconvenience while ensuring we have strong controls in place to reduce the risk of financial crimes, and complying with the laws and regulations cited above. canada goose outlet trillium parka black

canada goose outlet black friday The bank said it has used the same country of citizenship question for almost a decade. canada goose outlet black friday

But Paulina Gonzalez, executive director of the California Reinvestment Coalition, said banks questioning customers about their citizenship status feeds into “anti immigrant sentiment” already running high in the wake of the 2016 presidential election. Census Bureau announced it was adding a question about citizenship to the 2020 census. The move has been challenged in court over concerns that the question might dissuade immigrants from filling cheap Canada Goose out the census, causing an incomplete count.

“First we hear that the buy canada goose jacket cheap Trump administration is adding the Canada Goose Outlet citizenship question to the 2020 Census, and now some banks are requiring this question from customers to maintain a bank account,” Gonzalez said in a statement. “Given the current political climate, it is no wonder that immigrant customers are wary of answering this question.”.

More of Bob’s latest music
SEE ALL MUSIC >>