Special Economic Measures Iran Regulation: Canadian Financial Institutions

TD Bank Group Spokesman Dept: TD Bank Group has confirmed it has been sending letters to clients telling them under recent changes to the Special Economic Measures Iran Regulation, Canadian financial institutions are forbidden from providing financial services to anyone in Iran or for the benefit of Iran, according to Montreal Gazette. So far, it seems no other Canadian bank has taken similar action, but TD Bank Group spokesman Mohammed Nakhooda said the bank is simply following regulations set out by the Canadian government and oTTAWA A major Canadian bank has begun to close the accounts of some of its customers to comply with new federal regulations that govern economic sanctions against Iran. That appears to include any use of an account to send or receive money via wire transfer to or from friends and family in Iran. (www.immigrantscanada.com). As reported in the news.