A Minnesota-based bank chain is allegedly denying service to its Middle Eastern customers by suspending bank accounts for no clear reason.
The reported letters from TCF Bank were all sent to Middle Eastern customers and came from several of the banks’ more than 400 U.S. locations.
“We never understood what’s going on,” said AbdulHyee Waqas, a dentist who is from Kuwait and had an account for a nonprofit group closed. “We had been a good customer. It was very disheartening.”
“I don’t see why there would be a red flag on anything I performed,” he said. “Maybe they have something I’m not aware of, but they said they couldn’t say anything.”
TCF officials have declined to comment on the allegations. But another bank branch member said that the cases were likely to be isolated and not the result of religious or racial discrimination.
Other experts have said that the account closures could be the result of suspicious charges.
“It’s not inconceivable to think an Islamic American or Arab American would be closed due to their perceived higher risk because of their connections to high-risk jurisdictions,” said Brian Kindle, a member of the Association of Certified Financial Crime Specialists. “There’s something going on here, and I think it ties back to the de-risking trend.”
In response to the allegations, the Council of American-Islamic Relations has promptly become involved in the issue and has called for the U.S. Department of Justice’s Civil Rights Division to investigate the claims.
The Council of American-Islamic Relations may also file a lawsuit.
Source: Mad World News